About the lecture

In this module, we will focus on the distribution of income and wealth, and the factors that lie behind them. In particular, we will focus on: (i) defining what income and wealth are, including how economists use the idea of flows and stocks to model them; (ii) defining the distribution of income and wealth, including a simple example of how we can explain the distribution of income and wealth; (iii) the difference between wages and profits; and (iv) how we explain the distribution of income and wealth in terms of the returns to the factors of production.

About the lecturer

Dr Paul Segal is a Reader in Economics of Development at King's College London. He specialises in researching global poverty and inequality, the economics of natural resources, and economic history. He has published widely within these areas, including Who Are the Global Top 1%? and The Economy: Economics for a Changing World. He has also written policy articles for FT.com and has collaborated with Oxfam Mexico to undertake empirical fieldwork in Mexico City, analysing multidimensional inequalities.