Must-Read: Ravi Kanbur and Joe Stiglitz: Wealth and Income Distribution: New theories Needed for a New Era: “Kaldor (1957) put forward a set of stylised facts on growth and distribution… …for mature industrial economies… the constancy of the share of capital…. Kuznets (1955) put forward a second set… that while the interpersonal inequality of income … Continue reading Must-Read: Ravi Kanbur and Joe Stiglitz: Wealth and Income Distribution: New theories Needed for a New Era