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PreprintCited by 1

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Is Inequality Harmful for Growth

Block, Walter E.·2011
DOI 10.2139/ssrn.1890847
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Abstract

Some economic commentators claim that inequality of wealth or income reduces economic development and growth of GDP. But this is counterintuitive, since economic breakthroughs usually occur by dint of great effort, or discovery, or invention, which brings great wealth to those responsible (think Bill Gates). Nor is this thesis supported by a proper interpretation of the facts of the matter, despite the contentions of several authors in this regard.

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Citations

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Research works printed but not linked: 19

  1. Walter Block, 1990, Reconciling Efficiency, Freedom and Equality, 31
  2. Peter T Bauer, 1982, Ecclesiastical Economics is Envy Exalted, This World
  3. Peter T Bauer, 1957, The Economics of Under-developed Countries
  4. Peter T Bauer, Equality. the Third World and Economic Delusion, 198
  5. Peter T Bauer, 1984, Reality and Rhetoric: Studies in the Economics of Development
  6. Peter T Bauer, 1987, Population Scares, Commentary, 39
  7. Edgar K Browning, 1984, Taxes in the United States, Taxation: An International Perspective
  8. James M Buchanan, 1984, The Limits of Taxation, 10.1007/978-1-349-08094-6_2 · DOI
  9. James M Buchanan, 1980, The Power to Tax: Analvtical Foundations of a Fiscal Constitution
  10. James Gwartney, 1975, Economic Freedom of the World, 10.5860/choice.34-0664 · DOI
  11. Murray Rothbard, 1997, Freedom, Inequality, Primitivism and the Division of Labor, The Logic of Action Two: Applications and Criticism from the Austrian School. Glos, 3, 10.4337/9781035335183.00005 · DOI
  12. Torsten Persson, 1994, Is Inequality Harmful for Growth, American Economic Review, 84, 600
  13. Thomas Sowell, 1976, 10.1017/s0892679400007322 · DOI
  14. Thomas Sowell, 1981, 10.1086/ahr/87.5.1452 · DOI
  15. Here we assume, just for the sake of argument, that the actual (as opposed to the presumably intended) effect of the wealth redistribution will be
  16. I owe this emphasis to an anonymous referee of this journal
  17. Lawson Gwartney, 1996, Canada
  18. This point was forcefully made by an anonymous referee of this journal
  19. 1990, For a critique of governmental transfers of funds through taxes and subsidies in order to promote income or wealth equality, see Block

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Metadata

Authors
Block, W. E.
Publisher
Elsevier BV
Published
2011
DOI
10.2139/ssrn.1890847
Cited by
1
References
0
Type
Preprint

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CoChat. (2026). Citation check: Is Inequality Harmful for Growth. https://app.cochat.ai/papers/10.2139/ssrn.1890847
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Block, W. E. (2011). Is Inequality Harmful for Growth. https://doi.org/10.2139/ssrn.1890847

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.