December 5, 2007
Economic Costs of Inequality - Richard H. McAdams
Paper/Chapter of interest posted to SSRN: Richard H. McAdams, "Economic Costs of Inequality" (November 2007). U of Chicago Law & Economics, Olin Working Paper No. 370 Available at SSRN: http://ssrn.com/abstract=1028874. 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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