Three essays on the effect of domestic inequality and global inequality on economic growth
In the preface to his Principles of Political Economy and Taxation (1817; 1951, p. 5), David Ricardo wrote that the determination of laws of distribution is the principal problem in Political Economy. One of the political economy concerns (normative economics) is the application of economic policies to maintain specific goals based on observation or economic theory describing (positive economics). Ricardo's statement points to the importance of income distribution for economic growth and implies that understanding the relationship between income distribution and economic growth is crucial for ...
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