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being chosen, we show that meritocratic recruitment actually leads to class stratification and autorecruitment. We analyze … the consequences of stratification resulting from meritocratic selection for the development of a country, and show that …
Persistent link: https://www.econbiz.de/10010261105
Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals or households can be both consumers and shareholders, the impact of market power on inequality depends in part on the relative distribution of consumption and corporate equity...
Persistent link: https://www.econbiz.de/10012892178