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Charting Income Inequality: The Lorenz Curve
Bellù, Lorenzo G.; Liberati, Paolo - Volkswirtschaftliche Fakultät, … - 2005
This paper explains how to build Lorenz Curves for income distributions and discusses their use for inequality … and draw Lorenz Curves. A discussion on the use of Lorenz Curves to represent inequality is also provided. It highlights …
Persistent link: https://www.econbiz.de/10008919738
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Social Welfare Analysis of Income Distributions: Ranking Income Distributions with Generalised Lorenz Curves
Bellù, Lorenzo Giovanni; Liberati, Paolo - Volkswirtschaftliche Fakultät, … - 2005
This module illustrates how Generalised Lorenz (GL) Curves can be used to identify the best income distribution on social welfare grounds, within a set of alternative income distributions generated by different policy options, in many of the cases where ordinary Lorenz curves fail to work After...
Persistent link: https://www.econbiz.de/10011257958
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Applying relevant ethical theories to equality
Punabantu, Siize - Volkswirtschaftliche Fakultät, … - 2012
Nelson Mandela said, “During my lifetime I have dedicated myself to this struggle of the African people. I have fought against White domination, and I have fought against Black domination. I have cherished the ideal of a democratic and free society in which all persons live together in harmony...
Persistent link: https://www.econbiz.de/10011259042
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Economics and Theoretical Physics
Punabantu, Siize - Volkswirtschaftliche Fakultät, … - 2011
The recent earthquake in Japan and its impact on the Fukushima nuclear power plant is a tragic reminder of humanity’s ever growing dependence on energy for its socioeconomic development. Energy plays a central role in determining the effectiveness of economics. However, are the fundamental...
Persistent link: https://www.econbiz.de/10009228914
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How to end to the debt crisis in one month
Punabantu, Siize - Volkswirtschaftliche Fakultät, … - 2011
The modern economic theory implemented today is inherently flawed. Unfortunately these flaws are not apparent in … contemporary economic theory which is built on the idea that scarcity is an ever present condition; an approach referred to as … scarce resource theory (SRT) in operating level economics. The consequence of this is that leaders around the world and the …
Persistent link: https://www.econbiz.de/10009203644
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Financing the doubling of GDP in one year at constant price
Punabantu, Siize - Volkswirtschaftliche Fakultät, … - 2010
If the heading has drawn your attention then it has achieved the second objective of this paper, its first objective being to lead the reader through a discussion of how economic scarcity is a reversible problem. This paper examines reasons why scarcity may remain unresolved by economics as a...
Persistent link: https://www.econbiz.de/10008548839
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The Origin of Wealth
Punabantu, Siize - Volkswirtschaftliche Fakultät, … - 2010
What is wealth? This paper proposes wealth and poverty are opposite sides of the same coin and to know the source of one is to understand the cause of the other. It delves into the premise that if contemporary economics could consummately answer the question: what is wealth? scarcity, economic...
Persistent link: https://www.econbiz.de/10008534544
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Governance & Economic Growth
Punabantu, Siize - Volkswirtschaftliche Fakultät, … - 2010
, opportunity cost and allocation a person is expected to encounter when they are first introduced to economic theory. It attempts …
Persistent link: https://www.econbiz.de/10008685377
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Market Myths in Contemporary Economics
Punabantu, Siize - Volkswirtschaftliche Fakultät, … - 2010
, stability and safety. This paper delves into market theory to determine whether what is commonly understood about market forces …
Persistent link: https://www.econbiz.de/10008685520
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Governments in economic crisis: What is the 99% and why does it exist?
Punabantu, Siize - Volkswirtschaftliche Fakultät, … - 2012
What is the 99% and why does it exist? In this paper an attempt is made to explain why socio-economic unrest remains a modern problem. An effort has to be made to understand the origins of strife in systemic design of modern economics. Without this knowledge it may not be possible to fix the...
Persistent link: https://www.econbiz.de/10011111415