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The aim of the study is to prove that agents organised by market forces tend to create and even more so deepen economic disparities over time. Empirical studies do not… Click to show full abstract
The aim of the study is to prove that agents organised by market forces tend to create and even more so deepen economic disparities over time. Empirical studies do not reliably describe the trend and causes of interpersonal global inequality in recent decades. Hence, the attention is turned to general economic theory with inspiration from Schumpeterian and neoclassical theories. The results indicate that pure market economy logic will tend lead to multi-level divergence.
Keywords:
probabilistic drive;
divergence;
case probabilistic;
inequality;
inequality case;
persisting inequality
Journal Title: Acta Oeconomica
Year Published: 2017
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Journal Title: Acta Oeconomica
Year Published: 2017
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!