- Home
- Publications
- How Long Does Economic Injustice Last?
How long does economic injustice last?
Sign in to AccessDownloads
This content is restricted to corporate members, NiGEM subscribers and NIESR partners.
External Authors
Miles, D
Related Themes
Political EconomyJEL Code
P10; P14; O15
Journal
National Institute Economic Review
Publisher
Cambridge University Press
External Resources
Issue
255
This article assesses whether economic injustices that took place in the past still have significant implications for the material welfare of people many years later. That issue is central to the question of how fair is the distribution of wealth and income today. It is also relevant to issues of reparations for past wrongs. I find that in standard neoclassical models of economic growth the lingering effects of injustice from more than 70 years ago are generally small. But effects can last much longer once we allow for impacts of past injustices to be transmitted through human capital accumulation as well as physical capital.
Related Blog Posts
What Can Policy Makers Learn From Adam Smith?
Sayantan Ghosal
Graeme Roy
11 Mar 2024
5 min read
Reflections on the 2024 Spring Budget: What Was and Wasn’t Addressed
Monica George Michail
Stephen Millard
11 Mar 2024
5 min read
How the Chancellor’s Budget Could Help Households and the Struggling Regions
Arnab Bhattacharjee
Robyn Smith
Adrian Pabst
04 Mar 2024
6 min read
Adam Smith’s Division of Labour in Today’s World of Global Markets
Diane Coyle
25 Jan 2024
4 min read
Related Projects
Related News
Related Publications
Geopolitical Risks and the Global Economy
07 Feb 2024
Global Economic Outlook Box Analysis
Adam Smith and the Bankers: Retrospect and Prospect
04 Jan 2024
National Institute Economic Review
On the Promises and Perils of Smithian Growth: From the Pin Factory to AI
04 Jan 2024
National Institute Economic Review