Abstract
This dissertation investigates aspects of the relationship between inequality and economic growth. The first two essays identify largely unknown historical antecedents to Thomas Piketty's fundamental laws. Specifically, it is demonstrated that both Vilfredo Pareto's 1890s empirical investigation of income distribution, culminated in `Pareto's law', and Nicholas Kaldor's 1950s theoretical model of distribution and growth, constrained by Kaldor's `stylised facts', anticipated significant features of Piketty's laws. The third essay employs the extended Kaleckian model on profit/wage-led growth and establishes empirically that growth in Australia is wage-led. Consequently, inequality in Australia may be reduced without necessarily reducing economic growth.
| Original language | English |
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| Qualification | Doctor of Philosophy |
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| Award date | 22 Jan 2021 |
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| Publication status | Unpublished - 2021 |
Access to Document
- THESIS - DOCTOR OF PHILOSOPHY - TRINH, Thao Hong Ngoc - 2021
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