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Persisting Inequality: A Case of Probabilistic Drive towards Divergence

Author

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  • Robin Maialeh

    (Masaryk Institute Advanced Studies, Czech Technical University in Prague)

Abstract

The aim of the study is to prove that agents organised by market forces tend to create and even more so deepen economic disparities over time. Empirical studies do not reliably describe the trend and causes of interpersonal global inequality in recent decades. Hence, the attention is turned to general economic theory with inspiration from Schumpeterian and neoclassical theories. The results indicate that pure market economy logic will tend lead to multi-level divergence.

Suggested Citation

  • Robin Maialeh, 2017. "Persisting Inequality: A Case of Probabilistic Drive towards Divergence," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 67(2), pages 215-234, June.
    • Handle: RePEc:aka:aoecon:v:67:y:2017:i:2:p:215-234
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    File URL: http://www.akademiai.com/doi/pdf/10.1556/032.2017.67.2.4
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    Citations

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    Cited by:

    1. Robin Maialeh, 2016. "Fundamentální koncept nerovnosti v perspektivě paretovské ekonomie [A Fundamental Concept of Inequality in the Perspective of Paretian Economics]," Politická ekonomie, Prague University of Economics and Business, vol. 2016(8), pages 973-987.

    More about this item

    Keywords

    perfect competition; inequality; probability; divergence;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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