This study addresses the central question in political economy how the objectives of attaining welfare and restricting income inequality are related to each other. Thus far few studies scrutinise whether income inequality as such, or the redistributing public interventions to equalise incomes...

This study addresses the central question in political economy how the objectives of attaining economic growth and restricting income inequality are related. Thus far few studies explicitly distinguish between effects of income inequality as such and effects of redistributing public...