distribution of wealth and sectoral productivity. It is shown that, for fast transformation into a developed economy, the initial …

structural change, an economy must start with a wealth distribution that gives rise to an adequate size of 'middle class'. Once …

We present a simple stochastic model in which heterogeneous agents accumulate wealth belonging to the capitalist or the … based on a random process depending on wealth distribution and the profit rate. In general, playing the role of capitalist … rises the probability of accumulating more and more wealth that, in turn, increases the probability to play again the role …

Empirical evidence shows that entrepreneurs hold a large fraction of wealth, have higher saving rates than workers, and … uninsurable entrepreneurial risk for wealth distribution and aggregate activity in an incomplete market economy. It is shown that … entrepreurial risk can substantially affect both the wealth distribution and the macroeconomy. …

between income distribution and output, an economy that is characterized by a relatively equal distribution of wealth is …

the diffusion of their wealth. The calibrated model shows that the transition path matches with the decline of the Pareto …

phenomenon in their universe. This methodological defect persists since Adam Smith. Therefore, the theories of income and wealth …

distribution fits well to sociological phenomena, such as to the distribution of votes in polls and the distribution of wealth …