![]() Some degree of inequality arising from individual talent or effort is often considered acceptable-and indeed necessary-in order to provide incentives for productivity and performance.Some inequality arises because of differences in talent and effort, and some because of differences in opportunity, for example, due to differences in family income or education, neighbourhood safety, school quality, race-ethnicity, gender, and nation of birth. ![]() Economists tend to focus on inequality in income and wealth.Inequality among people, households, social groups, and countries can arise along a number of dimensions, such as income, wealth, education, legal and social status, and exposure to crime or police abuse.Sarah Thomas: Barnard College, Columbia University Rajiv Sethi: Barnard College, Columbia University and Santa Fe Institute
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