If Piketty's main theoretical prediction (r>g leads to rising wealth inequality) is taken to its radical conclusion …, then a small elite will own all wealth if capitalism is left to its own devices. We formulate and calibrate a Post …-Keynesian model with an endogenous distribution of wealth between workers and capitalists which permits such a corner solution of all …

If Piketty's main theoretical prediction (r>g leads to rising wealth inequality) is taken to its radical conclusion …, then a small elite will own all wealth if capitalism is left to its own devices. We formulate and calibrate a Post …-Keynesian model with an endogenous distribution of wealth between workers and capitalists which permits such a corner solution of all …

We provide evidence on the growth patterns of microfinance clients. Our analysis is motivated by the debate on the … impact of microfinance on client income and growth. Based on loan-level data from close to 40,000 clients in Sub … our results provide econometric support for the largely anecdotal evidence presented by microfinance practitioners that …