Le radici distributive della crisi infinita - Income distribution: the roots of the neverending crisis

Massimo Florio

Working Papers from CSIL Centre for Industrial Studies

Abstract: This paper supports the view that the deep roots of the current global crisis, which has taken the form of a mainly financial crisis, are related to a global fundamental unbalance in income distribution. There are two dimensions of the unbalance. The first one is between capital and labour income, particularly in advanced economies. The second one is between incomes of advanced economies and of developing countries. Without addressing these two broad real unbalances the outcome is going to be a long-term economic disease

Keywords: income distribution; global crisis; financial crisis (search for similar items in EconPapers)
JEL-codes: E25 E30 E64 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2011-11-09
New Economics Papers: this item is included in nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:mst:wpaper:201103

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