scholarly journals Balanced and Unbalanced Growth (1957)

2012 ◽  
pp. 329-358 ◽  
Keyword(s):  
Unbalanced Growth

Balance on unbalanced growth

1969 ◽  
Vol 29 (3-4) ◽  
pp. 291-304 ◽  
Author(s):  
David F. Bradford
Keyword(s):  
Unbalanced Growth

scholarly journals Balanced and unbalanced growth

1997 ◽  
Vol 53 (1) ◽  
pp. 41-66 ◽  
Author(s):  
James E. Rauch
Keyword(s):  
Unbalanced Growth

Remoteness, Urbanization, and India’s Unbalanced Growth

2015 ◽  
Vol 66 ◽  
pp. 572-587 ◽  
Author(s):  
Samarjit Das ◽  
Chetan Ghate ◽  
Peter E. Robertson
Keyword(s):  
Unbalanced Growth

scholarly journals Balanced versus unbalanced growth

1975 ◽  
Vol 10 (3) ◽  
pp. 88-91
Author(s):  
Wilfred A. Ndongko
Keyword(s):  
Unbalanced Growth

UNBALANCED GROWTH

1959 ◽  
Vol 11 (2) ◽  
pp. 167-190 ◽  
Author(s):  
PAUL STREETEN
Keyword(s):  
Unbalanced Growth

Natural Limits of Wealth Inequality and the Effectiveness of Tax Policy

2017 ◽  
Vol 47 (1) ◽  
pp. 32-57
Author(s):  
Scott S. Condie ◽  
Richard W. Evans ◽  
Kerk L. Phillips
Keyword(s):  
General Equilibrium ◽  
Income Tax ◽  
Wealth Inequality ◽  
Wealth Accumulation ◽  
Rates Of Return ◽  
Unbalanced Growth ◽  
Wealth Concentration ◽  
Savings Rate ◽  
Wealth Tax ◽  
Growth Differences

This article examines Thomas Piketty’s thesis that there are no natural limits on the accumulation of wealth. We undertake our examination in the context of a simple general equilibrium model with infinitely lived dynasties. We show that extreme wealth accumulation does not happen in general equilibrium unless capital and labor are substitutes, an assumption which also leads to unbalanced growth. We also show that even with unbalanced growth, differences in rates of return and effective labor are not sufficient to cause unbounded inequality. Only permanent savings rate differences can lead to extreme wealth concentration. Finally, we show that while a flat wealth tax will not eliminate extreme wealth concentration, both a graduated wealth tax and a flat income tax will.

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