This paper develops a growth theory that captures the replacement of physical capital accumulation by human capital accumulation as a prime engine of growth along the process of development. It argues that the positive impact of inequality on the growth process was reversed in this process. In...

This paper suggests that inequality in the distribution of landownership adversely affected the emergence of human-capital promoting institutions ("e.g". public schooling), and thus the pace and the nature of the transition from an agricultural to an industrial economy, contributing to the...