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The Fall and Rise of Inequality: Disaggregating Narratives

Vincent Geloso

A chapter in Austrian Economics: The Next Generation, 2018, vol. 23, pp 161-175 from Emerald Publishing Ltd

Abstract: Abstract In this chapter, I attempt to extend insights regarding statistical aggregates from scholars, such as Hayek (1931) and Mises (1947), to the topic of inequality. Using the work of Lindert and Williamson (2016), I show that a disaggregation of inequality into some of its many subcomponents alters our reading of its evolution. While I only work with stylized facts from the field of economic history, and the authors argues that the promising implications derived from disaggregation militate in favor of more effort being directed toward decomposing the evolution of inequality.

Keywords: Inequality; measurements; aggregation bias; economic history; living standards; welfare economics (search for similar items in EconPapers)
Date: 2018
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