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Inequality and InstabilityA Study of the World Economy Just Before the Great Crisis$
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James K. Galbraith

Print publication date: 2012

Print ISBN-13: 9780199855650

Published to Oxford Scholarship Online: April 2015

DOI: 10.1093/acprof:osobl/9780199855650.001.0001

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Economic Inequality and Political Regimes

Economic Inequality and Political Regimes

Chapter:
(p.100) Chapter 5 Economic Inequality and Political Regimes
Source:
Inequality and Instability
Author(s):

James K. Galbraith

Publisher:
Oxford University Press
DOI:10.1093/acprof:osobl/9780199855650.003.0005

This chapter applies a global dataset to a current problem: the relationship between the type of government and economic outcomes. It looks at what happens if certain regime types systematically generate more or less inequality than others. In particular, one branch of political science argues that democracies tend to be egalitarian compared to authoritarian or dictatorial regimes. Studies show that this argument is true only for social democracies that have a stable history. However, other studies point out that communist regimes during their peak period of power and Islamic republics are of the regime type that have systematic relationships with lower incidences of inequality. All in all, it is the highly ideological dictatorship types of governments that have higher levels of inequality.

Keywords:   social democracies, systematic relationships, incidences of inequality, ideological dictatorship

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