Dynamics of Income Distribution in a Market Economy: Possibilities for Poverty Allevation

2011 ◽  
Keyword(s):  
Income Distribution ◽  
Market Economy

James Meade's Liberalism

2012 ◽  
pp. 61-74
Author(s):  
Roger E. Backhouse
Keyword(s):  
Economic Theory ◽  
Income Distribution ◽  
Market Economy

James Meade described himself as a liberal and used the term neo-classical to describe his economic theory but unlike many liberals he sought to improve the market economy. This paper explores Meade's liberalism through analyzing his writings on planning, the market, justice and income distribution, concluding that he is best described, somewhat paradoxically, as a pragmatic visionary.

Systemic Failure, Complexity, and Public Policies

2020 ◽  
pp. 113-137
Author(s):  
Vito Tanzi
Keyword(s):  
Quality Of Life ◽  
Monetary Policy ◽  
Fiscal Policy ◽  
Income Distribution ◽  
Market Economy ◽  
Multiple Objectives ◽  
Modern World ◽  
Public Programs ◽  
Technological World

This chapter addresses the issue of systemic failure and the role that complexity often plays. While the quality of life has risen in the modern world, many daily operations are not as simple as they used to be. The chapter describes several examples of failures (a) in the technological world; (b) in the financial world; and (c) in the economic world. To say that a market economy is self regulating has been proven to be an illusion. The growth of complexity has affected market economies in various ways. Governments’ pursuit of multiple objectives has been one of the major contributors to the complexity: tax systems have become increasingly opaque, open to different interpretation and abuses, as have several public programs. The results of fiscal policy and monetary policy have become more difficult to determine. Complexity has influenced the income distribution by creating asymmetric opportunities for manipulating systems.

scholarly journals Exponential Income Distribution and Evolution of Unemployment Compensation in the United Kingdom

2021 ◽  
Author(s):  
Yong Tao
Keyword(s):  
United Kingdom ◽  
Lower Bound ◽  
Income Distribution ◽  
Exponential Distribution ◽  
Market Economy ◽  
Low Income ◽  
Unemployment Compensation ◽  
The United Kingdom ◽  
Real Market ◽  
Available Technology

We show that an exponential income distribution will emerge spontaneously in a peer-to-peer economic network that shares the publicly available technology. Based on this finding, we identify the exponential income distribution as the benchmark structure of the well-functioning market economy. However, a real market economy may deviate from the well-functioning market economy. We show that the deviation is partly reflected as the invalidity of exponential distribution in describing the super-low income class that involves unemployment. In this regard, we find, theoretically, that the lower-bound u of exponential income distribution has a linear relationship with (per capita) unemployment compensation. In this paper, we test this relationship for the United Kingdom from 2001 to 2015. Our empirical investigation confirms that the income structure of low and middle classes (about 90% of populations) in the United Kingdom exactly obeys exponential distribution, in which the lower-bound u is exactly in line with the evolution of unemployment compensation.

scholarly journals Growth and Distribution in the Market Economies of East Asia

1982 ◽  
Vol 35 (1) ◽  
pp. 150-160 ◽  
Author(s):  
Gary S. Fields
Keyword(s):  
Economic Development ◽  
Income Distribution ◽  
East Asia ◽  
Market Economy ◽  
Initial Conditions ◽  
Market Economies ◽  
Government Interference

Who benefits how much from economic development? Three approaches to measuring the income distribution effects of growth are described and contrasted, and the experiences of various countries are classified accordingly. Seven books analyzing patterns of change in income distribution in Asia are reviewed. Although some of the authors feel that “getting the prices right” in a market economy with a minimum of government interference is the way to achieve growth and distributional goals, a better conclusion is that synergism between policy and initial conditions explains the presence or absence of equitable growth.

scholarly journals economic development

2019 ◽  
Author(s):  
hijratul husna
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Income Distribution ◽  
Natural Resources ◽  
Economic System ◽  
Market Economy ◽  
Development Strategies ◽  
Positive Correlation ◽  
The Rich ◽  
Means Of Production

The problem of poverty is often associated with the problem of inequality in income distribution. Continuous economic growth does not always reduce poverty or economic growth which does not have a positive correlation with income distribution.The inequality of income distribution makes the rich and the poor's ravines increasingly steep which results in social jealousy and the potential to trigger various criminal acts.Inequality can be caused by inequality of natural resources (SDA), expertise, talent, and capital (an economic system in which trade, industry and means of production are controlled by private owners with the aim of gaining profits in the market economy, capital owners in trying to reach as big as possible), as well as inappropriate development strategies that are growth-oriented.

Sign in / Sign up

Export Citation Format

Share Document