ECON BC 2075y Lecture Notes - Lecture 9: Positional Good
12 Oct 2016
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Document Summary
Everyone has a college degree now unemployment rose. Education only valuable when it creates a differentiation between you and other person. Argument inequality in things like education is necessary. Widening gap between income of parents investing in education. Spatial clustering by state, neighborhood, etc legal/ social. The more people use something, more useful it comes. Cars and public transport, telephones and interviews. Radio, tv, internet and participation in social inclusion. Effects of inequality that have nothing to do with poverty. Take out loans to compete w/ other richer ppl around you. Crime, and mass incarceration inequality and poverty. What happens when governments respond to the demand of the wealthy and the powerful? (median voter vs long right tail) Shift focus of whose preferences to be satisfied. Behind the veil of ignorance, parties knowthat citizens in the society have different comprehensive doctrines and plans of life. That all citizens have interests in more primary goods.
