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This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic … voluntary redistribution of income or wealth. The theory concentrates on lump-sum voluntary transfers, individual or collective …, which aim at equalizing the distribution of wealth from altruistic reasons or sentiments (perfectly substitutable altruistic …
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How did we come to think that eliminating poverty is a legitimate goal for public policy? What policies emerged in the hope of attaining that goal? The last 200 years have witnessed a dramatic change in thinking about poverty. Mainstream economic thinking in the eighteenth century held that...
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What accounts for the rise in income inequality since the 1970s? According to most economists, the answer lies in structural changes in the economy - in particular, technological changes that have raised the demand for highly skilled workers and thereby boosted their pay. Opposing this...
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-place hierarchies and development of landesque capital are important in generating both wealth and wealth inequality; development of … farming is also important to the generation of wealth. Iron smelting detracts from wealth inequality whereas copper smelting … detracts from the generation of wealth. Examination of three well-known interaction zones (Bronze Age West Asia, the Classic …
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