The Origins of Inequality

Joseph E. Stiglitz

Joseph E. Stiglitz has had a remarkable career. He is a brilliant academic, capped by sharing the Nobel Memorial Prize in Economics and the Nobel Peace Prize, and honorary degrees from Harvard, Cambridge, Oxford and more than fifty other universities,...

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Opening Credits

1/8/2025

Preface

1/8/2025

Introduction and Overview of the Volume - 1

1/8/2025

Introduction and Overview of the Volume - 2

1/8/2025

Part I Broader Perspectives

1/8/2025

1. A Rigged Economy and What We Can Do about It

1/8/2025

2. The Origins of Inequality, and Policies to Contain It

1/8/2025

3. Inequality and Economic Growth

1/8/2025

4. Alternative Theories of Inequality: Historical and Theoretical Perspectives, Causes, Consequences, and Policies - 1

1/8/2025

4. Alternative Theories of Inequality: Historical and Theoretical Perspectives, Causes, Consequences, and Policies - 2

1/8/2025

5. Rewriting the Rules of the Economy and the Shaping of American Inequality

1/8/2025

6. Wealth and Income Distribution: New Theories Needed for a New Era (With Ravi Kanbur)

1/8/2025

7. Eliminating Extreme Inequality: A Sustainable Development Goal, 2015–30 (With Michael Doyle)

1/8/2025

Part II The Basic Theory

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Part II.A Early Contributions: 8. Distribution of Income and Wealth among Individuals

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9. Intergenerational Transfers and Inequality

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Part II.B Recent Unpublished Contributions: 10. Explaining the New Stylized Facts of Growth and Distribution

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11. Generalizing the Basic Model: Inequalities in Equilibrium Wealth among Individuals with Heterogeneous Abilities and General Intertemporal Preferences

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12. Equilibrium Income and Wealth Distributions: Balancing Centrifugal and Centripetal Forces - 1

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12. Equilibrium Income and Wealth Distributions: Balancing Centrifugal and Centripetal Forces - 2

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13. Wealth Inequality: Life-Cycle Savings vs. Inherited Wealth

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14. The Role of Land in Creating Wealth Inequality

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15. The Role of Credit and the Financial System in Creating Wealth Inequality - 1

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15. The Role of Credit and the Financial System in Creating Wealth Inequality - 2

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16. Monopoly, Rents, and Political Equilibrium

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17. Innovation and Inequality

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Part II.C Recent Published Contributions: 18. The Future of Inequality: Artificial Intelligence, Worker-Replacing Technological Progress and Income Distribution - 1

1/8/2025

18. The Future of Inequality: Artificial Intelligence, Worker-Replacing Technological Progress and Income Distribution - 2

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19. Pareto Efficient Taxation and Expenditures: Pre- and Re-distribution - 1

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19. Pareto Efficient Taxation and Expenditures: Pre- and Re-distribution - 2

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Part III Earlier Contributions

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Part III.A Basic Theory Of The Measurement Of Inequality

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20. Some Further Results on the Measurement of Inequality

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21. Simple Formulae for the Measurement of Inequality and the Optimal Linear Income Tax

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Part III.B Mobility

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22. Dynastic Inequality, Mobility, and Equality of Opportunity

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23. Reflections on Mobility and Social Justice, Economic Efficiency, and Individual Responsibility

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Part III.C Inequality And Inefficiency

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24. Remarks on Inequality, Agency Costs, and Economic Efficiency

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25. Credit Rationing, Tenancy, Productivity, and the Dynamics of Inequality

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26. Landlords, Tenants, and Technological Innovations

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Part III.D Inequality And Macro-Dynamics

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27. Beyond Tradeoffs: Why Growth and Equality Can Be Complementary

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28. A Two-Sector, Two-Class Model of Economic Growth

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29. Capital, Wages, and Structural Unemployment

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30. Inequality and the Business Cycle

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31. Macroeconomic Fluctuations, Inequality, and Growth

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Part III.E Inheritance

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32. Notes on Estate Taxes, Redistribution, and the Concept of Balanced Growth Path Incidence

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33. Equality, Taxation, and Inheritance

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Part III.F Discrimination

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34. Approaches to the Economics of Discrimination

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35. Theories of Discrimination and Economic Policy

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Part III.G Inequality And Public Policy: Some Final Comments

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36. Inequality and Taxation

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37. The Welfare State in the Twenty-First Century

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Ending Credits

1/8/2025