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Wealth, public debt and instability

In: Aggregate Demand, Inequality and Instability

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Abstract

The chapter applies a model à la Harrod in order to study the implications of a separation between the concepts of capital and private wealth, represented by public debt. It extends the analysis of Chapter 2 by introducing a dynamic analysis where the relationships between growth, wealth and inequality are considered.

Suggested Citation

  • ., 2016. "Wealth, public debt and instability," Chapters, in: Aggregate Demand, Inequality and Instability, chapter 6, pages 53-65, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:17444_6
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    Economics and Finance;

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