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ECON 2200 (1)
Lecture

differential accumulation

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Department
Economics
Course
ECON 2200
Professor
Eveline Adomait
Semester
Fall

Description
Differential Accumulation A new approach to the distribution of income Jordan Brennan, economist, unifor • At a historic extreme when it comes to income inequality in this country  Why does income inequality matter? • Richard Wilkinson and Kate pickets, The Spirit Level (2009) • Absolute or relative poverty? • Inequality and social pathology o Happiness and life expectancy o Violence and incarceration o Trust and social mobility o Mental health, obesity, alcoholism and substance abuse o Infant mortality, teenage pregnancy and children’s educational  performance  • Everything about a society gets worse as it becomes more unequal, it becomes  sicker • Distribution of income: production, people are different in productivity, less  productive results in lower income  What is capital? What is capitalism? 1. “Economics” and “politics” 2. “Real” and “nominal” o Capital consists of those durable produced items t
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