Changing distribution of wealth boosts technological innovation and economic growth.
The article explores how changes in how money is distributed between workers and business owners can impact technological innovation and economic growth. The researchers found that the relationship between distribution of profits and wages and rates of accumulation and growth is not straightforward, but depends on the existing distribution. This means that changes in how money is divided can affect how quickly the economy grows and how stable it is, without needing all resources to be fully utilized.