Economic Costs of Inequality

32 Pages Posted: 10 Nov 2007  

Richard H. McAdams

University of Chicago Law School

Date Written: November 2007

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.

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: https://ssrn.com/abstract=1028874 or http://dx.doi.org/10.2139/ssrn.1028874

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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