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John Rawls suggests that there are circumstances in which inequality is just, or what he terms fair. What is Rawls' argument for this? Provide an example. Do you agree with Rawls's position? Why or why not? Compare and contrast how this relates to socioeconomic class in terms of so-called environmental goods and bads.

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Kristelle Balando
Kristelle BalandoLv10
29 Sep 2019

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Hello, could I get some assistance with this question? Thank you.

Read the articles and discuss the problems of Economic Inequality in the U.S.economy, summarize key points and post in the Discussions area:

3) Inequality. On important but irrelevant facts

http://www.economist.com/blogs/freeexchange/2014/01/inequality-0?zid=293&ah=e50f636873b42369614615ba3c16df4a

Here is the article:

Inequality

On important but irrelevant facts

Should we care more about global or national inequality?

Free exchange

Jan 9th, 2014

by R.A. | LONDON

WRITING on Thomas Piketty's new book, Nicolas Goetzmann notes:

I think that Piketty missed something which might be important: Capital is mobile, workers are not, and in the end, we have this: Gini is reducing on a worldwide basis since 2005.

Scott Sumner adds:

I also like Goetzmann's comment about global Gini coefficients. Liberals should care about global welfare. Are they closet nationalists?

These sorts of remarks are common responses to those pointing out that inequality is soaring across the rich world, and they strike me as very problematic.

It is true, of course, that inequality globally has been falling. And it is absolutely right to say that this trend is hugely important and is contributing to a massive rise in global welfare. We should all be ecstatic about it. But in no way does that development excuse us from caring about and worrying about national income inequality, for a few very important reasons.

The first is that it implies, without ever making an actual argument, that efforts to reduce income inequality within rich economies must necessarily slow reductions in global inequality. Why bring up the global statistic unless you are worried that expressions of concern about national inequality are likely to undermine the global trend? Some egalitarian-minded policies might, of course, but many others would not. I'm not sure why someone would want to stake out the position that subsidized pre-school for disadvantaged children is unnecessary, for example, because global inequality is falling.

Second, while we all should care about welfare globally, we should also recognize that the political salience of the issue is exclusively national. To a first approximation, America's Congress does not care in the least about the status of global inequality. There are no sitting congresspersons from Burundi. National inequality, by contrast, is highly politically relevant. Catch-up in the emerging world has a lot to do with innovation and openness in the rich world. If soaring national inequality undermines political support for policies that facilitate innovation and openness, that's a problem for everyone. It's a pretty basic political economy point that globalization will continue while national polities feel that globalization is broadly in their interest. People who like globalization should therefore be very, very concerned when it doesn't appear to be generating broad-based growth in rich countries.

The third is that inequality is growing within emerging markets. One might be inclined to argue that we shouldn't worry too much about that, since rising inequality is a classic side-effect of rapid development which should go away as emerging economies mature. But one of the most important points in Mr. Piketty's book is that the conventional wisdom that development naturally increases and then reduces inequalities is wrong: the data show that there is no systematic tendency for inequality to fall as an economy matures.

And so we should note that the backlash to globalization and development might well come from within emerging markets, and indeed one would have to be fairly cut-off from the news to miss populist expressions of dissatisfaction across the biggest emerging economies over the past couple of years. What's more, Mr. Piketty's work suggests that as the process of catch-up slows inequality trends within countries will begin to dominate inequality trends across countries, leading global inequality to rise once more.

So yes, global inequality has been falling. That is no reason for people of any ideological persuasion to ignore very worrying trends in national distributions of income and wealth.

Any help with any of these items would be amazing...thanks in advance

1. Explain the difference between the change in Supply and change in quantity supplied. Draw a diagram of the two changes and provide an example.

2.Draw, label and describe the 5 elastic measures-provide an examble of each.

3. Carefully draw, label and explain the Total Utility vs. Marginal Utility curves on a diagram. How do we define equilibrium in Utility Theory?

4. Indifference Curves: Carefully draw, label and expalin the budget line vs. indifference consumption curve and show equilibrium.

5. Describe the following Production Cost Terms: The short run, the long run, the very long run, implicit costs, explicit costs, acounting profits, economic profits.

6. Draw the profit max diagram of a monopoly and perfect competition. Compare and contrast both diagrams.

7. Just recently google was found not guilty in a major anti-trust case. Was googel 1. attempting to monopolize a market? 2.Attempting to become the oligopolisitc leader or 3. just engage in fair competition. Explain each concept carefully.

8. Summarize the MPP>MPC>MRP rule. How does it explain how your wages are determined? Provide a personal example.

9. Dogs kept in a backyard and are barking constantantly are notorious in most city neighborhoods. Do these dogs pose a negative or positive externality? What (if anything) should the city do about these externalities?

10. Dr. Joseph Stiglits, Nobel Economist, recently published "The Price of Inequality". In the book, he states the gap between the very wealthy and eeryone else has caused our economy to falter, and will continue this trend unless we are able to reverse course. For example, the Median wealth fell by 40% between 2007 and 2010, while the wealthy became wealthier. Is the current economic largess due to our high national debt or the slowdown in consumer spending, please explain.

Type your question here

Consider the following argument: There are many arguments for the elimination or modification of current U. S. drug laws, but one of the most persuasive involves what negative effects drug laws are having on society in comparison with the effects of the drugs themselves. In the past ten years, most forms of drug use have dropped significantly, especially among teens. Despite this, non-violent drug offenders accounted for 21.1 percent of the federal prison population. First time drug offenders serve, on average, a sentence three months longer than kidnappers, nine months longer than burglars, and thirty-three months longer than sex abusers. In 1992, the average cost of keeping an inmate in either state or federal prison was about $20,000 per prisoner per year. The United States has the highest incarceration rate in the world, with 455 prisoners per 100,000 population. It is maintaining these prisoners at great expense in an environment where they are unlikely to develop a socially constructive attitude. Perhaps it is time that we reconsider our attitudes toward those who choose to use drugs; failure to do so may cost society even more than it already has. Determine whether or not the argument uses any deceptive statistics. Give your opinion on whether or not the argument has persuaded you. Explain why or why not. Determine the primary ways in which statistics or authority are used in your current position in developing persuasive arguments, and provide examples of such use.

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