Africa and Sweden to illustrate that inequality dynamics cannot be understood without embedding economic factors in the …, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We …, the gap between the interest rate and the growth rate, does not appear to explain historical patterns of inequality …

is causal: a longer period in power increases the chance that a person may start (or continue) a political dynasty …. Therefore, dynastic political power is self-perpetuating in that a positive exogenous shock to a person's political power has … persistent effects through posterior dynastic attainment. In politics, power begets power …

Inefficiencies in the bureaucratic organization of the state are often viewed as important factors in retarding … society consists of rich and poor individuals. The rich are initially in power, but expect to transition to democracy, which … rents for bureaucrats than would an efficient state structure. When the poor come to power in democracy, they will reform …

nondemocracy to democracy, alters the distribution of de jure political power, but the elite can intensify their investments in de … we refer to as invariance. When the model is enriched to allow for limits on the exercise of de facto power by the elite … of the exercise of de jure and de facto political power. A change in political institutions, for example a move from …

) and civil society (representing non-elite citizens), where both players can invest to increase their power. The model …

centralized wage setting on the industry distribution of employment. We examine Sweden's industry distribution from 1960 to 1994 … identify the rise and fall of centralized wage-setting arrangements as a major factor in the evolution of Sweden's industry … accounted for about 40 percent of U.S.-Swedish differences in the industry distribution. The dissolution of Sweden's centralized …

determinant of income for individuals within countries as diverse as Sweden and the United States. At a national level, however … growth among OECD countries. The conclusion comments on policy implications for Sweden based on the human capital literature …

and Sweden experience the lowest earnings declines following job displacement, while workers in Italy, Spain, and Portugal …