It is widely believed that the East Asian economies performed exceptionally well not only in generating growth but also in keeping inequality low. This study tries to answer the questions raised by the claims of exceptionality of income distribution in East Asia. Central findings are that only...

The book contains a selection of papers presented at the Conference on Democracy, Market Economy, and Development, whose objective was to examine the extent of which democracy is important to the achievement of sustainable development. While it is widely accepted that economic freedom, as...

This paper shows the relevance of the macroeconomic structure that governs short-term changes in aggregate demand and income distribution in the determination of long-term growth rates. It develops a new growth model by introducing endogenous technical change into a Keynesian/Marxist synthesis...

This paper takes up the question of whether government debt worsens the distribution of income as tax revenues from workers are used to pay for the interest on the debt held by the rich. In so doing, we develop a post-Keynesian model in which growth is determined by aggregate demand rather than...

This paper is a survey of the theories of the determinants of firm size and the distribution of firm sizes, with a special emphasis on small firms. The diverse literature surveyed here is classified into four approaches. The first is the conventional microeconomic approach (or the technological...