The long-run economics of wealth inequality

Historical Data Collection

The process of collecting and analyzing data from the past to understand patterns and trends in society.

Inequality

The unequal distribution of wealth, resources, and opportunities among individuals or groups in a society.

Theoretical Models

Abstract representations or frameworks used to explain and understand complex phenomena, such as inequality.

Facts

Empirical evidence or information that is based on real-world observations and can be used to support or refute theories.

Tax Records

Official documents that record information about individuals' income and wealth for the purpose of taxation.

Wealth Concentration

The degree to which wealth is held by a small percentage of the population, indicating a high level of inequality.

Middle Class

A socioeconomic group that falls between the lower and upper classes, typically characterized by a moderate level of income and wealth.

French Revolution

A period of radical social and political upheaval in France from 1789 to 1799, aimed at overthrowing the monarchy and establishing a more egalitarian society.

Progressive Income Tax

A tax system in which the tax rate increases as income levels rise, designed to reduce wealth concentration and promote income redistribution.

Political Shocks

Significant events or changes in the political landscape that have a profound impact on the distribution of wealth and resources.

Great Depression

A severe worldwide economic downturn that lasted from 1929 to the late 1930s, characterized by high unemployment, poverty, and financial instability.

Nationalization

The process of transferring private assets or industries into public ownership and control by the government.