to the latter, it raises a conundrum: if populist policies are detrimental to economic growth, as most economists agree …

the need to establish economic democracy as basis for introducing political democracy. Economic democracy also increases … currently deny economic democracy because they allow concentrated control of money, realty, pension funds and share ownership …

, altruism and concern for inequality. We find that decision makers who are selected democratically are generally more efficiency …

The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of … technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The … capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …

end of a period serves as her endowment in the following period. In this setting growth and inequality arise endogenously …. Inequality and group income are positively correlated for poor groups, but negatively correlated for rich groups. There is very … strong path dependence: inequality in early periods is strongly negatively correlated with group income in later periods …

We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the … gains from growth are sufficiently unequally distributed in the presence of negative externalities, i.e., envy. …

How should we make value judgments about wealth inequality? Harsanyi (1953) proposes to take an individual who … competition or contest. We find that inequality can be captured through the equilibrium properties of such a game. We connect the … inequality measures so derived to existing measures of inequality, and demonstrate the conditions under which they satisfy the …

income towards rent-seekers. Consequently, an economy with few rent-seekers tends to have high income inequality: an effect …