A Theory of Wealth Distribution and Accumulation
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Product details:
- Publisher Clarendon Press
- Date of Publication 10 January 1991
- ISBN 9780198233138
- Binding Hardback
- No. of pages298 pages
- Size 242x163x22 mm
- Weight 638 g
- Language English
- Illustrations line drawings, tables 0
Categories
Long description:
This volume provides the micro-foundations of a macroeconomic theory of income distribution and of the accumulation and distribution of wealth.
Baranzini surveys current literature on the subject, before going on to make his own contribution by presenting a new model. He examines the laws which regulate the accumulation of inter-generational wealth and life-cycle savings of families or dynasties, both in a deterministic and stochastic context. The mechanisms which may lead to the generation and coexistence of different socio-economic classes are also studied.
