Affirmative action
Capital accumulation
Capitalism
Category=KCB
Consumption tax
Debt overhang
Demand For Labor
Discrimination
Disparate impact
Dummy variable (statistics)
Economic efficiency
Economic inequality
Economic interventionism
Economic mobility
Economic rent
Economic stratification
Economics
Educational attainment
Educational inequality
Employment
Employment discrimination
Endogeneity (econometrics)
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Equal opportunity
Estimation
Externality
Heritability
Homo economicus
Human capital
Income
Income inequality in the United States
Incomplete markets
Labour economics
Loss factor
Marginal product
Marginal product of labor
Marginal return
Market failure
Marxian economics
Meritocracy
Middle-class values
National Bureau of Economic Research
Normative economics
Occupational inequality
Of Education
Oppression
Panel Study of Income Dynamics
Pareto efficiency
Poverty trap
Profit maximization
Racial inequality in the United States
Racial segregation
Racism
Rationing
Redistribution of income and wealth
Samuel Bowles (economist)
Scarcity (social psychology)
Social capital
Social division of labor
Social inequality
Socioeconomic status
Socioeconomics
Statistical discrimination (economics)
Statistical significance
Subsidy
Supply (economics)
Tax
The Bell Curve
Trade-off
Unemployment
Unemployment benefits
Welfare economics
Product details
- ISBN 9780691004686
- Weight: 539g
- Dimensions: 197 x 254mm
- Publication Date: 24 Jan 2000
- Publisher: Princeton University Press
- Publication City/Country: US
- Product Form: Paperback
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Most Americans strongly favor equality of opportunity if not outcome, but many are weary of poverty's seeming immunity to public policy. This helps to explain the recent attention paid to cultural and genetic explanations of persistent poverty, including claims that economic inequality is a function of intellectual ability, as well as more subtle depictions of the United States as a meritocracy where barriers to achievement are personal--either voluntary or inherited--rather than systemic. This volume of original essays by luminaries in the economic, social, and biological sciences, however, confirms mounting evidence that the connection between intelligence and inequality is surprisingly weak and demonstrates that targeted educational and economic reforms can reduce the income gap and improve the country's aggregate productivity and economic well-being. It also offers a novel agenda of equal access to valuable associations. Amartya Sen, John Roemer, Robert M.
Hauser, Glenn Loury, Orley Ashenfelter, and others sift and analyze the latest arguments and quantitative findings on equality in order to explain how merit is and should be defined, how economic rewards are distributed, and how patterns of economic success persist across generations. Moving well beyond exploration, they draw specific conclusions that are bold yet empirically grounded, finding that schooling improves occupational success in ways unrelated to cognitive ability, that IQ is not a strong independent predictor of economic success, and that people's associations--their neighborhoods, working groups, and other social ties--significantly explain many of the poverty traps we observe. The optimistic message of this beautifully edited book is that important violations of equality of opportunity do exist but can be attenuated by policies that will serve the general economy. Policy makers will read with interest concrete suggestions for crafting economically beneficial anti-discrimination measures, enhancing educational and associational opportunity, and centering economic reforms in community-based institutions.
Here is an example of some of our most brilliant social thinkers using the most advanced techniques that their disciplines have to offer to tackle an issue of great social importance.
Kenneth Arrow is Joan Kenny Professor of Economics Emeritus at Stanford University and recipient of the Alfred Nobel Memorial Prize in Economic Science. Samuel Bowlesis Professor of Economics at the University of Massachusetts. Steven Durlauf is Professor of Economics at the University of Wisconsin.
