Income and wealth inequality rose over the first 150 years of US history. They rose in Britain
before 1875, especially 1740–1810. The first half of the 20th century equalized pre-fisc …

Even with unchanging values, one would expect the social priority accorded to distributional
concerns to change over time. Social tolerance of inequality is determined on the one hand …

Adopting a new approach to historical data, Peter H Lindert and Jeffrey G Williamson have
charted the history of American incomes‐and income inequality‐since colonial times. Here …

This book develops a framework for analyzing the creation and consolidation of democracy.
Different social groups prefer different political institutions because of the way they allocate …

This paper analyzes the role of wealth distribution in macroeconomics through investment in
human capital. It is shown that in the presence of credit markets' imperfections and …

A paradigm is presented in which both the extent of financial intermediation and the rate of
economic growth are endogenously determined. Financial intermediation promotes growth …

Is inequality harmful for growth? We suggest that it is. To summarize our main argument: in a
society where distributional conflict is more important, political decisions are more likely to …

As Wall Street rose to dominate the US economy, income and pay inequalities in America
came to dance to the tune of the credit cycle. As the reach of financial markets extended …

This book represents a considerable revision and expansion of Public Choice II (1989). As
in the previous additions, all of the major topics of public choice are covered. These include …

During the nineteenth century most Western societies extended voting rights, a decision that
led to unprecedented redistributive programs. We argue that these political reforms can be …