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Economic Costs of Inequality
Richard H. McAdams University of Chicago Law School November 2007 U of Chicago Law & Economics, Olin Working Paper No. 370 U of Chicago, Public Law Working Paper No. 189 Abstract: This brief chapter surveys some of the economic literature concerning the instrumental costs of material inequality. Economic theory predicts, and econometric evidence finds, that inequality increases crime and political corruption and, in certain circumstances, constrains growth. Working Paper Series Date posted: November 10, 2007 ; Last revised: November 10, 2007Suggested CitationContact Information
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