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Long Swings In American Inequality: The Kuznets Conjecture Revisited

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  • Brian J. L. Berry
  • Edward J. Harpham
  • Euel Elliott

Abstract

ABSTRACT In the two hundred year history of American macroeconomic development there have been four great surges in inequality. Each followed a stagflation crisis and was accompanied by a turn of the electorate to more conservative commercially‐oriented candidates for the presidency and congress. Each stage was followed, in turn, by an egalitarian backlash in which a political agenda dominated by technological innovation, efficiency and growth was replaced by one concerned with social innovation, equity and redistribution. These interlocking macroeconomic and political rhythms point to a long wave reinterpretation of the Kuznets conjecture on the relations of the inequality and economic growth within the contact of a containing dialectic between capitalism and democracy in America.

Suggested Citation

  • Brian J. L. Berry & Edward J. Harpham & Euel Elliott, 1995. "Long Swings In American Inequality: The Kuznets Conjecture Revisited," Papers in Regional Science, Wiley Blackwell, vol. 74(2), pages 153-174, April.
    • Handle: RePEc:bla:presci:v:74:y:1995:i:2:p:153-174
    DOI: 10.1111/j.1435-5597.1995.tb00634.x
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    Cited by:

    1. A. Tidu, 2023. "Dissecting inequality: conceptual problems, trends and drivers," Working Paper CRENoS 202313, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
    2. Chris Freeman, 2007. "Social inequality, technology and economic growth," Globelics Working Paper Series 2007-05, Globelics - Global Network for Economics of Learning, Innovation, and Competence Building Systems, Aalborg University, Department of Business and Management.

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