efficiency and amplifying macroeconomic fluctuations, depends on social mobility, initial inequality, and the mismatch between … to coalitional expropriation. More equally distributed power and higher congruence of land and power favor stable markets …. Whether markets are stable forever in a dynamic setting, or alternate with expropriation in a limit cycle, decreasing …

Does a countrys level of inequality affect its ability to win Olympic medals? If it does, is it conditional on … institutional factors? We argue that the ability of economically free societies to win medals will not be affected by inequality. In … out those of inequality. In unfree societies, the incentives that promote investments in skills across the income …