PARADIGMATIC PERSPECTIVES ON INCOME DISTRIBUTION AND FINANCIAL CRISES | Zendy

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PARADIGMATIC PERSPECTIVES ON INCOME DISTRIBUTION AND FINANCIAL CRISES

Author(s) -

Sinem Sefil

Publication year - 2016

Publication title -

marmara üniversitesi i̇ktisadi ve i̇dari bilimler dergisi

Language(s) - English

Resource type - Journals

eISSN - 2149-1844

pISSN - 2587-2672

DOI - 10.14780/iibd.89127

Subject(s) - inequality , economic inequality , economics , distribution (mathematics) , income distribution , mechanism (biology) , financial crisis , focus (optics) , macroeconomics , mathematical analysis , mathematics , philosophy , physics , epistemology , optics

The role of the income distribution and inequality among individuals and factors of production on the occurrence of financial crises has long been a controversial issue in economics literature and the stance of the economists on this debate is mainly rooted in their different views on the distributional mechanism in the economic system. By conducting an extensive literature review, this paper attempts to illustrate the views of the different schools of economic though on role of income distribution and inequality as a cause of the financial crises with a special focus on the subprime crisis in 2008.

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