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Articles 1 - 3 of 3
Full-Text Articles in Income Distribution
Public Actors In Private Markets: Toward A Developmental Finance State, Robert Hockett, Saule Omarova
Public Actors In Private Markets: Toward A Developmental Finance State, Robert Hockett, Saule Omarova
Saule T. Omarova
The recent financial crisis brought into sharp relief fundamental questions about the social function and purpose of the financial system, including its relation to the “real” economy. This Article argues that, to answer these questions, we must recapture a distinctively American view of the proper relations among state, financial market, and development. This programmatic vision – captured in what we call a “developmental finance state” – is based on three key propositions: (1) that economic and social development is not an “end-state” but a continuing national policy priority; (2) that the modalities of finance are the most potent means of …
The Critical Difference Between Republicans/Conservatives And Democrats/Liberals, Philip E. Graves
The Critical Difference Between Republicans/Conservatives And Democrats/Liberals, Philip E. Graves
PHILIP E GRAVES
There are, of course, a great many specific differences between the political positions of the two dominant political parties in America. After an introductory section characterizing those, section two suggests that the demarcation of critical importance between the parties relates to how they view the income distribution. Those self-identifying as Republican/Conservative tend to view the income distribution as an artifact of a host of individual work/leisure decisions with little policy relevance; those characterizing themselves as Democrat/Liberal tend to view the income distribution as a pure public good—in this view, private sector outcomes are expected to provide a non-optimally small amount …
The Economic Role Of The English Poor Law, 1780-1834, George R. Boyer
The Economic Role Of The English Poor Law, 1780-1834, George R. Boyer
George R. Boyer
[Excerpt] Over the 85-year period from 1748/50 to 1832/34, real per capita expenditures on poor relief increased at an average rate of approximately 1 percent per year. There were also important changes in the administration of relief with respect to able-bodied laborers during the period. Policies providing relief outside of workhouses to unemployed and under-employed able-bodied laborers became widespread during the 1770s and 1780s in the grain-producing South and East of England. The so-called Speenhamland system of outdoor relief flourished until 1834, when it was abolished by the Poor Law Amendment Act. The aim of the thesis is to provide …