Distribution and Growth: Replies to Garbellina and Wirkierman, Harcourt, and Nell

May 8, 2015

In this paper, the author replies to recent literature on the distribution of financial assets between the top 1% and the the 99% of the population.

Labeling these two groups as capital and labor simplifies the complex nature of different types of financial flows. By looking at savings and distribution to a variety of income groups, this paper explains the implications and reasons behind these sub-optimal outcomes.

Authors: Lance Taylor
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SCEPA works to focus the public economics debate on the role government can and should play in the real productive economy - that of business, management, and labor - to raise living standards, create economic security, and attain full employment.