This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...

In November 2007, the U.S. Conference of Catholic Bishops issued quot;Forming Consciences for Faithful Citizenship - A Call to Political Responsibility from the Catholic Bishops of the United States.quot; This statement by the American Catholic Bishops provides guidance to Catholic voters on how...

This paper provides a critical review of the recent literature on inequality and growth. After discussing historical and more recent distributional trends as well as empirical evidence on the relationship between inequality and growth, I focus on recent explanations of the inequality-growth...

The UN System of National Accounts (SNA) calculates standard national income (NI) under the condition that owned capital is maintained. Roefie Hueting defined in 1969 environmental functions (state, stock) as the possible uses by humans of the environment. Their actual use (flow) nowadays are...

Weltweit ist Wirtschaftswachstum vorherrschendes Ziel, trotz ernsthafter Konflikte mit ökologischer Nachhaltigkeit. Ist „Wachstumspolitik“ nur eine Frage des politischen oder persönlichen Willens, oder gibt es „Wachstumszwänge“, die sie „unausweichlich“ machen? Und warum...

We analyze optimal wealth management, within a global setting, where accumulation of GHGs caused by extraction of fossil resources affects the probability distribution for hitting a threshold or tipping point, indicating a climate change. We derive an optimal strategy for overall wealth...

We analyze optimal wealth management, within a global setting, where accumulation of GHGs caused by extraction of fossil resources affects the probability distribution for hitting a threshold or tipping point, indicating a climate change. We derive an optimal strategy for overall wealth...

This contribution is concerned with efficient use of a resources if households are characterized by Stone-Geary preferences with a minimum subsistence level of consumption. We provide a closed form solution for the case of Cobb-Douglas production with constant returns to scale in reproducible...

This paper argues that the joint relation between long-term orientation, environmental quality and innovation plays a key role in explaining environment-poverty traps. Based on empirical observations, we allow for the subjective discount rate to negatively depend on environmental quality in an...

Not anytime soon. Using a novel dataset covering 127 countries and spanning two centuries, we find evidence for an energy Kuznets curve, with an initial decline of energy demand at low levels of per capita income followed by stages of acceleration and then saturation at high-income levels....