{"product_id":"income-distribution-in-macroeconomic-models-1","title":"Income Distribution in Macroeconomic Models","description":"This book looks at the distribution of income and wealth and the effects that this has on the macroeconomy, and vice versa. Is a more equal distribution of income beneficial or harmful for macroeconomic growth, and how does the distribution of wealth evolve in a market economy? Taking stock of results and methods developed in the context of the 1990s revival of growth theory, the authors focus on capital accumulation and long-run growth. They show how rigorous, optimization-based technical tools can be applied, beyond the representative-agent framework of analysis, to account for realistic market imperfections and for political-economic interactions. The treatment is thorough, yet accessible to students and nonspecialist economists, and it offers specialist readers a wide-ranging and innovative treatment of an increasingly important research field. The book follows a single analytical thread through a series of different growth models, allowing readers to appreciate their structure and crucial assumptions.\nThis is particularly useful at a time when the literature on income distribution and growth has developed quickly and in several different directions, becoming difficult to overview.","brand":"Princeton University Press","offers":[{"title":"Default Title","offer_id":54252968345944,"sku":"9780691121710","price":112.99,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0278\/1295\/4195\/files\/9780691121710_412abfdb-ed38-4061-8aac-f08ebe9ce027.jpg?v=1765278022","url":"https:\/\/agendabookshop.com\/products\/income-distribution-in-macroeconomic-models-1","provider":"Agenda Bookshop","version":"1.0","type":"link"}