Status, lotteries and inequality¤
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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For several centuries, economists, sociologists, and philosophers have been concerned with the magnitude and e¤ects of inequality. Economists have concentrated on inequality in income and wealth, and have linked this inequality to social welfare, aggregate savings and investment, economic development, and other issues. They have explained the observed degree of inequality by the e¤ect of random shocks, inherited position, and inequality..
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