Work

Racial Inequality, Growth and Distribution

Year: 2026

Type: article

Abstract: ABSTRACT A post‐Keynesian‐Kaleckian model along structuralist lines is developed to incorporate the issue of racial inequality into the analysis of growth and distribution. It draws on ideas presented in the literature about the relationship between class inequality between capitalists and workers, and racial inequality between White and Black workers, including the recent contributions to stratification economics. The model formalizes the dynamics of racial and class inequality to show that racial discrimination can persist in the long run, but various patterns of the evolution of inequality can emerge, including stable equilibria, multiple equilibria and instability. The dynamics is found to depend on whether growth is wage led or profit led, and on how racial inequality affects and is affected by class inequality.

Source: Metroeconomica

DOI: 10.1111/meca.70018

Author: Amitava Krishna Dutt

Institution: University of Notre Dame

Language: English

Topic: Economic Theory and Policy

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Reduced inequalities, Decent work and economic growth

Open Access status: hybrid

Estimated APC paid: $3,350