Distribution of Income and Expenditures Across Nations

Document Type

Article

Publication Date

6-3-2009

School

Social Science and Global Studies

Abstract

This paper outlines a premise that state social and economic planning in recent decades were the outgrowth of Marxist doctrine, even though Marxism as an economic system failed to materialize. The paper addresses the rise of the New Left with its doctrine of radical economics and its influence for state planning. For this purpose, the paper compares 126 countries grouped by income distribution and income inequality. The findings indicate that richer economies perform better than economies of lesser income in the distribution and equality of income.

Publication Title

Journal of Economics and Finance

Volume

34

Issue

2

First Page

173

Last Page

386

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