This paper asks an old but still unsettled question: what makes China China? Existing theories rely on either class, or market or cultural causes to explain the economic stagnation of imperial China. While accepting the basic proposition of the class based analysis, this paper adds a new...

We develop an analytical framework to investigate some plausible channels that income inequality affects economic growth. Our empirical study concludes that income inequality has significant negative effect on the rate of GDP growth. Among the channels suggested by recent literature, we find...