Quantcast

Latest Economic inequality Stories

2014-05-23 11:16:23

University of Michigan As new research documents growing inequalities in health and wealth, the gap between "haves" and "have-nots" is growing in the field of scientific research itself, says University of Michigan sociologist Yu Xie. "It's surprising that more attention has not been paid to the large, changing inequalities in the world of scientific research, given the preoccupation with rising social and economic inequality in many countries," said Xie, research professor at the U-M...

2014-04-22 04:21:08

Vast majorities count loss of manufacturing jobs going overseas, tax system, influence of big business and very rich individuals among the causes of inequality NEW YORK, April 22, 2014 /PRNewswire/ -- A strong majority of Americans believe economic inequality in the U.S. today is a problem (79%), with over half believing more specifically that it's a major problem (54%). Overall, the perception of economic inequality being a problem in the United States has changed little from 2012 (80%)....

2014-01-03 15:51:23

Global energy inequality lessens, but for how long? The 18th century writer Adam Smith provided a workable metaphor for the way society utilizes resources. In his book "The Wealth of Nations," he argued that even as individuals strive, through personal industry, to maximize their advantage in life, they inadvertently contribute---as if under the influence of a "hidden hand"---to an aggregate disposition of wealth. Well, if Smith were a physicist and alive in the 21st century he might be...

2013-10-03 16:07:32

Wealth inequality can encourage people to cooperate when they would otherwise have no incentive to do so, according to a new study published in Nature Communications. "In many groups and societies, the temptation to defect is high, which means that cheaters are much better off than cooperators," says IIASA researcher Ulf Dieckmann, who worked on the study along with IIASA researcher Ádám Kun. For example, he says, if a train ticket is very expensive and the probability that cheaters are...


Word of the Day
cacodemon
  • An evil spirit; a devil.
  • A nightmare.
  • In astrology, the twelfth house of a scheme or figure of the heavens: so called from its signifying dreadful things, such as secret enemies, great losses, imprisonment, etc.
'Cacodemon' comes from a Greek term meaning 'evil genius.'
Related