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Full-Text Articles in Political Economy

Wealthy, But Unequal: The Anomaly Of Inequality In The United States, Joseph Puleo Aug 2015

Wealthy, But Unequal: The Anomaly Of Inequality In The United States, Joseph Puleo

Political Analysis

No abstract provided.


Antitrust, Competition Policy, And Inequality, Jonathan B. Baker, Steven C. Salop Jan 2015

Antitrust, Competition Policy, And Inequality, Jonathan B. Baker, Steven C. Salop

Georgetown Law Faculty Publications and Other Works

Economic inequality recently has entered the political discourse in a highly visible way. This political impact is not a surprise. As the U.S. economy has begun to recover from the Great Recession since mid-2009, economic growth has effectively been appropriated by those already well off, leaving the median household less well off. The serious economic, political and moral issues raised by inequality can be addressed through a panoply of public policies including competition policy, the focus of this article. The article describes the channels through which market power contributes to inequality, and sets forth a range of possible antitrust policy …


Policy Change And Coups: The Role Of Income Inequality And Asset Specificity, Taeko Hiroi, Sawa Omori Dec 2014

Policy Change And Coups: The Role Of Income Inequality And Asset Specificity, Taeko Hiroi, Sawa Omori

Taeko Hiroi

Building on the models developed by Boix, Acemoglu, and Robinson on the relationship between economic structures and regime change, we develop a theory that emphasizes structural characteristics of societies and the effects of policy change in such circumstances. We posit that significant policy change in an unequal or asset-specific society induces coups against the incumbent political leader by the losing faction of the elites seeking to prevent or cut losses associated with the policy shifts. Our empirical analysis indicates that the risk of a coup rises considerably during a period of a significant policy change in a society with a …