knowledge. This simple idea can inform cross-country income differences, international trade patterns, poverty traps, and price … shows that standard human capital accounting methods can severely underestimate the role of education in development. It …

Evidence from a broad panel of countries shows little overall relation between income inequality and rates of growth … and investment. However, for growth, higher inequality tends to retard growth in poor countries and encourage growth in …

, institutional and technological structure. I develop here a unified model to analyze these interactions and their growth … US-style "laissez-faire" social contracts sustainable.; I also compare the growth rates of these two politico … excessive flexibility, resulting in suboptimal growth or even self-sustaining technology-inequality traps. Fourth, I examine how …

distribution and growth, as well as the relevant empirical evidence. The first model integrates the political economy and imperfect … growth costs and benefits of redistribution through taxes, land reform or public schooling: such policies simultaneously … depress savings incentives and ease wealth constraints which impede investment by the poor. The second model is a growth …