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This Article examines property law’s effect on economic inequality, particularly centered on Thomas Piketty’s findings … property law works to increase the rate of return on capital above economic growth. First, this Article begins by examining how … different aspects of property law work to increase the rate of return on capital. Second, this Article presents a way forward in …
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improving economic conditions in poor countries, argues Lewis, is increasing productivity through intense, fair competition and …
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monetary stability. Good central bank money should be backed by the liable property of creditors to safeguard monetary …
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1. Chapter One: Introduction -- 2. Chapter Two: Self-Ownership and Property Rights -- 3. Chapter Three: Legacies of … Injustice and Racial Inequality -- 4. Chapter Four: Property Rights and the Rule of Law -- 5. Chapter Five: Capitalism, Markets … Chronicles. We can have individual liberty and property rights. Or we can have reparations. But we can’t have both. This is the …
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The debate on whether democracy and inequality increase the level of redistribution in a country is still ongoing. We … construct a model that predicts a higher probability of redistribution in democracies than in autocracies. Further, with higher … initial inequality, there should be more redistribution in democracies but not necessarily in autocracies. We test these …
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Building on a theoretical model we test the hypothesis that effort choices and preferences for redistribution are … preferences for redistribution and effort choices simultaneously. While respondents with stronger preferences for redistribution … redistribution choices even increase in imposed effort. Those with higher ability are willing to help the needy if earning income …
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