Is inequality harmful for economic growth? Is the underdevelopment of Latin America related to its unequal distribution … of wealth? A recently emerging consensus claims not only that economic inequality has detrimental effects on economic … growth in general, but also that differences in economic inequality across the American continent during the 19th century are …

. This enables them to reduce the amount of redistribution and public good provision in democracy. Moreover, the inefficient … with an inefficient state is more likely to arise when there is greater inequality between the rich and the poor, when …