excessive flexibility, resulting in suboptimal growth or even self-sustaining technology-inequality traps. Fourth, I examine how … configurations of technology, inequality and redistributive policy are feasible in the long run, when all three are endogenous. I … show in particular how the diffusion of technology leads to the “exporting” of inequality across borders; and how this, in …

inequality, and polarization in policy preferences. The main innovation lays in the political process determining capital … speaking reflecting inequality) has somewhat interesting effects along the transitional path towards balanced growth. Hereby …

a two-party system in which the left-wing party has a larger preference for redistribution than the right-wing party … government has incentives to fi- nance redistribution via external debt to avoid distortionary income taxation. On the other hand …

wealth and the likelihood of radical redistribution: while the net benefits of redistribution for members of the poor class …

inequality induces more government redistribution; (2) more government redistribution is financed by higher distortionary … inequality-growth transmission channel they propose, must therefore be assessed as overly simplistic and inadequate with respect …