Bigger Pies and Just Deserts
Chapter 8: What is the future of economic inequality?
In this chapter, we will attempt to discern the most likely path of inequality in the future, even if that path is sure to be different from what we expected. At the same time, we will also look forward to the factors that are most likely to play a role in making our forecasts about inequality wrong in the future, particularly the future impact of technological innovation, globalization, and public policy. Inequality matters because productivity is socially determined; perceptions of fairness influence our behavior; and inequality impacts institutions which are key determinants of how our economy and our society are doing. Like inequality itself, changing public policy to deal with inequality will only come about as the result of complicated synergies between people with different backgrounds and different levels of privilege, all interconnected in webs composed of externalities and ideas and social norms and psychology.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.