curve, whereby the fall in inequality follows redistribution due to democratization. We characterize the conditions under … widespread social unrest and revolution. Political transition, rather than redistribution under existing political institutions … political equilibrium and acts as a commitment to future redistribution. Our theory offers a novel explanation for the Kuznets …

Because of their more limited inequality and more comprehensive social welfare systems, many perceive average welfare … entrepreneurs (thus greater inequality) increases entrepreneurial effort and hence a country's contribution to the world technology … "cutthroat capitalism" that generates greater inequality and more innovation and will become the technology leaders, while others …

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 …