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The path of redistribution turns out to be highly inefficient,” Lagunoff said. “It leads to a misallocation of assets, lower growth, and inefficient consumption smoothing.
- Simplified Text
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Redistribution is highly inefficient leading to misallocation of assets lower growth and inefficient consumption smoothing according to Lagunoff
- Confidence Score
- 0.900
- Claim Maker
- Roger Lagunoff
- Context Type
- Research Highlights Article
- Context Details
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{ "date": "2023-09-20", "topic": "Economics of Autocratic Legalism", "person": "Roger Lagunoff", "source_type": "Research Highlights Article" } - Subject Tags
- UUID
- 9fc891a6-926e-4b81-aa11-255ff557a4bf
- Vector Index
- ✗ No vector
- Created
- September 2, 2025 at 6:30 PM (1 week ago)
- Last Updated
- September 2, 2025 at 6:30 PM (1 week ago)
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1 week ago
https://www.aeaweb.org/research/property-rights-autocracies-dynamics
Modern autocracies use legal frameworks to redistribute wealth to elites, appearing legitimate while secretly expropriating assets. This leads to inefficiency and lower growth, according to a new study.
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