Distribution of Income - Econlib
How do economists measure income inequality, and how has it changed over time? This entry explores these questions and the cause of income inequality,| Econlib
How do economists measure income inequality, and how has it changed over time? This entry explores these questions and the cause of income inequality,| Econlib
Many people believe that only government intervention prevents rampant discrimination in the private sector. Economic theory predicts the opposite: market mechanisms impose inescapable penalties on profits whenever for-profit enterprises discriminate against individuals on any basis other than productivity. Though bigoted managers may hold sway for a time, in the long run the profit penalty makes […]| Econlib
The U.S. welfare system would be an unlikely model for anyone designing a welfare system from scratch. The dozens of programs that make up the “system” have different (sometimes competing) goals, inconsistent rules, and over-lapping groups of beneficiaries. Responsibility for administering the various programs is spread throughout the executive branch of the federal government and […]| Econlib
