Why the rich always stay rich (no matter what, no matter the cost)

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cepal.articleNo7
cepal.bibLevelSección o Parte de un Documento
cepal.callNumberLC/PUB.2021/4-P
cepal.docTypeRevistas
cepal.jelCodeD31
cepal.jelCodeE12
cepal.jelCodeN36
cepal.jelCodeP16
cepal.jobNumberRVI132_Palma
cepal.physicalDescriptiongráficos.
cepal.regionalOfficeSantiago
cepal.sdg10
cepal.topicEngINCOME DISTRIBUTION
cepal.topicEngINEQUALITY
cepal.topicEngPOVERTY
cepal.topicEngSOCIAL INSTITUTIONALITY
cepal.topicEngSOCIAL RIGHTS
cepal.topicSpaDERECHOS SOCIALES
cepal.topicSpaDESIGUALDAD
cepal.topicSpaDISTRIBUCIÓN DEL INGRESO
cepal.topicSpaINSTITUCIONALIDAD SOCIAL
cepal.topicSpaPOBREZA
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaEngSOCIAL DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
cepal.workareaSpaDESARROLLO SOCIAL
dc.contributor.authorPalma, José Gabriel
dc.coverage.spatialEngCHILE
dc.coverage.spatialEngLATIN AMERICA
dc.coverage.spatialEngWESTERN EUROPE
dc.coverage.spatialSpaAMERICA LATINA
dc.coverage.spatialSpaCHILE
dc.coverage.spatialSpaEUROPA OCCIDENTAL
dc.date.accessioned2021-05-31T20:51:55Z
dc.date.available2021-05-31T20:51:55Z
dc.date.issued2020-12-31
dc.description.abstractThis article returns to the Ricardian tradition of understanding income distribution as the outcome of an “antagonistic” conflict with a multiplicity of actors and struggles, where history, politics and institutions matter as much as economic “fundamentals”. Because this relates to the political sphere, there are no purely logical solutions to the conflict, but rather options in a scenario of multiple equilibria. In deregulated markets, this conflict favours the supremacy of unproductive rent (especially those of “inefficiency”), to the detriment of operating profits, affecting investment and productivity growth. Moreover, dysfunctional institutions have the “ability to persist”, thus transforming the domination into a “stationary process”: the unbalancing impacts of shocks have only limited lifespans. When, in democracy, the Latin American oligarchy limits change and weakens the State through Buchanian-style constitutional straitjackets, they redesign their distributional strategies and absorb elements of opposing ideologies to keep their own hegemonic.
dc.formatTexto
dc.format.extentpáginas. 93-13
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/PUB.2021/4-P
dc.identifier.urihttps://hdl.handle.net/11362/46930
dc.language.isoeng
dc.physicalDescriptionp. 93-132; grafs.
dc.relation.isPartOfCEPAL Review - Special issue
dc.relation.isPartOfNo132
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.translationLanguagespa
dc.relation.translationRecordPor qué los ricos siempre siguen siendo ricos (pase lo que pase, cueste lo que cueste)
dc.relation.translationUrihttps://hdl.handle.net/11362/46826
dc.rights.coarDisponible
dc.subject.unbisEngWEALTH
dc.subject.unbisEngELITE
dc.subject.unbisEngUPPER CLASS
dc.subject.unbisEngECONOMIC CONDITIONS
dc.subject.unbisEngINCOME DISTRIBUTION
dc.subject.unbisEngECONOMIC SYSTEMS
dc.subject.unbisEngPOLITICAL CONDITIONS
dc.subject.unbisEngCASE STUDIES
dc.subject.unbisSpaRIQUEZA
dc.subject.unbisSpaELITE
dc.subject.unbisSpaCLASE ALTA
dc.subject.unbisSpaCONDICIONES ECONOMICAS
dc.subject.unbisSpaDISTRIBUCION DEL INGRESO
dc.subject.unbisSpaSISTEMAS ECONOMICOS
dc.subject.unbisSpaCONDICIONES POLITICAS
dc.subject.unbisSpaESTUDIOS DE CASOS
dc.titleWhy the rich always stay rich (no matter what, no matter the cost)
dc.type.coarartículo
dc.usergroupbiblioteca
dspace.entity.typePublication
relation.isAuthorOfPublicationa7c96d12-99a0-4528-92fa-feebd2f274ee
relation.isAuthorOfPublication.latestForDiscoverya7c96d12-99a0-4528-92fa-feebd2f274ee
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