Inequality in Prosperous Societies: Economic and Moral Aspects

@article{Kirsh2019InequalityIP,
  title={Inequality in Prosperous Societies: Economic and Moral Aspects},
  author={Yoram Kirsh},
  journal={Economic Growth eJournal},
  year={2019}
}
  • Yoram Kirsh
  • Published 2019
  • Economics
  • Economic Growth eJournal
  • A free market economy is characterized by an unequal distribution of income, wealth, and opportunities, to the extent that a considerable part of the population does not enjoy the wellbeing which an affluent society can offer. Recent studies have shown that excessive inequality is bad not only for moral reasons but for economic reasons as well. According to the International Monetary Fund, excessive inequality can erode social cohesion, cause political polarization, and lower economic growth… CONTINUE READING

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