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The Irresistible Explosion of Inequalities

  • Jean-Hervé Lorenzi
  • Mickaël Berrebi

Abstract

Political economy has always been correctly perceived as an intellectually autonomous discipline, independent in its objectives, solely aiming to represent, understand and possibly predict macro- and micro-economic changes in our societies. This has been the primary aim of well-known and lesser-known economists for three centuries. They have striven to answer the question of income distribution, one that occupies a central place in their approach and their analysis. It is necessary to represent this particularly complex subject as being some sort of pseudo-science and repeatedly attest to the either inevitable or unacceptable nature of the current systems of wealth distribution. In practice, some economists legitimize the rewards of capital while others denounce the exploitation and extortion of added value. When approached in this binary fashion, the theory of the redistribution of wealth questions society in moral and political terms before even mentioning its role in the vigour of economic growth. As far as we are concerned, it is thus a matter of rediscovering, through the economists’ train of thought, the basis for a solid analysis of the relationship between the level of inequality and that of growth. This is a regression that will definitely show that everything that appears to be set in stone as the natural order or the clearly expressed collective will, is actually extremely subjective and prey to the greatest uncertainty.

Keywords

Middle Class Welfare State Natural Order Wealth Distribution Market Income 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

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Copyright information

© Jean-Hervé Lorenzi and Mickaël Berrebi 2016

Authors and Affiliations

  • Jean-Hervé Lorenzi
    • 1
    • 2
  • Mickaël Berrebi
    • 3
  1. 1.Paris-Dauphine UniversityFrance
  2. 2.Le Cercle des EconomisteFrance
  3. 3.France

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