Acemoglu, Johnson, & Robinson (2002) have claimed that the world income distribution underwent a Reversal of Fortune from 1500 to the present, whereby formerly rich countries in what is now the developing world became poor while poor ones grew rich. We question their analysis with regard to both...

This volume of Research on Economic Inequality contains research on how we measure poverty, inequality and welfare and how these measurements contribute towards policies for social mobility. The volume contains eleven papers, some of which focus on the uneven impact of the Covid-19 pandemic on...

Measuring growth with ordered categorical variables is problematic due to their lack of cardinal measure and the equivocation and ambiguity inherent in the arbitrary attribution of cardinal scale to ordinal variates. Here, noting that the mean in a cardinal paradigm is the cumulation over its...