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point to which his book has guided us. The main path to follow is the income inequality history so well paved by Piketty and … his team, supported by the book's history of twentieth-century shocks and political responses. Less promising is the book … merging his team's history of top income shares with the history of inequality movements within the lower 90 percent. It also …
Persistent link: https://www.econbiz.de/10012458434
While the economies of the fifteen countries that were in the European Union (EU15) in 2000 will continue to grow from now until 2040, they will not be able to match the surges in growth that will occur in South and East Asia. In 2040, the Chinese economy will reach $123 trillion, or nearly...
Persistent link: https://www.econbiz.de/10012465470
In Capital in the 21st Century, Thomas Piketty uses the market value of tradeable assets to measure both productive capital and wealth. As a measure of wealth this is problematic because it ignores the value of human capital and transfer wealth, which have grown enormously over the last 300...
Persistent link: https://www.econbiz.de/10012457747
, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We …
Persistent link: https://www.econbiz.de/10012457900
This review essay of the two-volume Cambridge History of Capitalism (2014), edited by Larry Neal and Jeffrey G … economists to add depth to their understanding of the world economy today. Robert C. Allen analyzes the world distribution of … income; Randall Morck and Bernard Yeung discuss the history of business groups; and Peter Lindert surveys private and public …
Persistent link: https://www.econbiz.de/10012458007
monetary unions intact. Our main lesson from the history of monetary unions is that political factors will be the central …
Persistent link: https://www.econbiz.de/10012471419
the reasons why these two forces moved largely in parallel in the decades leading up to World War I, collapsed during the …
Persistent link: https://www.econbiz.de/10012480663
Within-country ethnic diversity in high-wage immigrant nations is driven by long distance migration. This paper documents the migration-diversity connection for the first global century before 1914 and the second global century after 1950. It distinguishes between ethnic diversity among the...
Persistent link: https://www.econbiz.de/10012466114
live longer. We review the determinants of these patterns: over history, over countries, and across groups within countries …
Persistent link: https://www.econbiz.de/10012466708
until the First World War. News events and macroeconomic variables cannot account for this extended period of reduced …
Persistent link: https://www.econbiz.de/10012467364