2021/04: Fix, ‘Redistributing Income Through Hierarchy’

Abstract Although the determinants of income are complex, the results are surprisingly uniform. To a first approximation, top incomes follow a power-law distribution, and the redistribution of income corresponds to a change in the power-law exponent. Given the messiness of the struggle for resources, why is the outcome so simple? This paper explores the idea […]

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2018/05: Fix, ‘The Growth of US Top Income Inequality: A Hierarchical Redistribution Hypothesis’

Abstract What accounts for the growth of US top income inequality? This paper proposes a hierarchical redistribution hypothesis. The idea is that US firms have systematically redistributed income to the top of the corporate hierarchy. I test this hypothesis using a large scale hierarchy model of the US private sector. My method is to vary […]

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Putting Power Back into Growth Theory

Putting Power Back Into Growth Theory BLAIR FIX June 2015 Abstract Neoclassical growth theory assumes that economic growth is an atomistic process in which changes in distribution play no role. Unfortunately, when this assumption is tested against real-world evidence, it is systematically violated. This paper argues that a reality-based growth theory must reject neoclassical principles […]

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