Since the 1980s, the U.S. income distribution has become considerably more concentrated toward the top while the wealth distribution has not. I argue that this can be accounted for by occupational shifts caused by the decline in tax progressivity. To show this, I construct a dynamic general...

The introduction of Africapitalism, a concept coined from Africa and capitalism throws up a lot of discussion among capitalists and policy makers in Africa who for a long time now have tried several strategies without success to attract and retain investments on the African continent. The...