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http://ssrn.com/abstract=1028874
 
 

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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.

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Date posted: November 10, 2007  

Suggested Citation

McAdams, Richard H., Economic Costs of Inequality (November 2007). U of Chicago Law & Economics, Olin Working Paper No. 370; U of Chicago, Public Law Working Paper No. 189. Available at SSRN: http://ssrn.com/abstract=1028874 or http://dx.doi.org/10.2139/ssrn.1028874

Contact Information

Richard H. McAdams (Contact Author)
University of Chicago Law School ( email )
1111 E. 60th St.
Chicago, IL 60637
United States
773-834-2520 (Phone)
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