Re:Evidence on Poverty Traps from Rural Bangladesh [pdf]
by postingpals on Tuesday December 29, 2020 @07:40AM
(#25569174)
> It is the hereditary nature of wealth which is the largest contributor to long-term inequality.
Hereditary wealth is a specific form of rent-seeking which is something liberal economics has no explanation for. It's like one of those things that never left the feudal era whilst everything else did. But I wonder why some who follow this type of economics think this is the sole and most important issue? There are many examples of rent-seeking and this is far from the biggest contributor towards inequality.
Hereditary wealth is a specific form of rent-seeking which is something liberal economics has no explanation for. It's like one of those things that never left the feudal era whilst everything else did. But I wonder why some who follow this type of economics think this is the sole and most important issue? There are many examples of rent-seeking and this is far from the biggest contributor towards inequality.