Essays on Economic Inequality

Income inequality in the United States has increased in recent years. Many people were concerned about the fact that some people’s income is incredibly large, while others are so small that they can hardly pay for basic things. It led to many protest movements against...

The times during which Adam Smith lived and published his remarkable works, The Theory of Moral Sentiments (TMS) and The Wealth of Nations (WN), were very divided on philosophical, political and economic grounds. Interestingly, the sixth and last edition of TMS was published in 1790,...

Introduction Over the past decades, Uganda has experienced war, economic downfall and political instability, resulting in them being one of the poorest developing countries in Africa today. To help combat this, many NGOs have contributed by improving the lives of many people by providing basic...

Poverty is the lack of the basic needs of life, including food, shelter, clothing, and safe drinking water. Poverty is a concerning issue that many individuals are unaware of. It is widespread and more common than we think. It affects many people throughout the world...

Poverty remains to be one of the most challenging issues the world continues to face. “Poverty is a global problem, with more than 3 billion people—almost half the world’s population—living on less than $2.50 a day” (Issue Overview: Poverty, Global). Poverty rates have decreased over...

Poverty is a situation wherein human beings aren’t able to afford basic needs. Its definition is short and sweet, but its implications are vast and complex. President Kennedy’s inaugural remarks remind us that “The challenge of global poverty is not new.” Historically, poverty has been...

Economic inequality has been a major subject of discussion over the past few years, by academic circles, political spheres and the popular press. Kulkarni and Matin-Bekat (2009) suggest that as inequality applied to income and economic inequality, is a very complex issue; economists, sociologists, and...

You and your friends are playing the game of who can build the most houses in a set amount of time. The rules are simple: Everyone starts out with the same amount of given money. With that given money you can buy supplies to build...

What is Income inequality? It’s the study of the percentage of the discrimination of a group and or section of people based on background. First, statistics show that the average income of a person usually depends on a few things. For example, in most work...

One of the social issues concerning power, status, and class in American society nowadays is economic inequality. Statistically speaking, the income gap between the social classes has increased dramatically since the 1960’s, creating a significant gap between the wealthy and the poor. This gap has...

The United States undoubtedly maintains an extremely high standard of living. Those considered “poor” in the US still earn a considerably higher amount than most people in the world. It is almost easy to disregard the idea of economic inequality when a majority of US...

Economic inequality is an existed phenomenon in economy, which belongs to the gap between the rich and the poor. Like dividing a cake, every piece of cake which is held by people is not on average, so the inequality is happened in this proceeding. It...

There are many researches made on the relationship between the income inequality and the growth by economics. Inequality can be considered from many perspectives: economic, social and political perspective. In resolving this problem distinguish economics used empirical and theoretical overview as well. Lack of regulations...

Introduction Despite the fact that there is an exceptionally long history of concern with economic inequality, interest for this point has increased significantly after decades of stability. Economic inequality is the unequal division of salary and opportunity among various gatherings of society and has been...

Abstract The economics of countries around the world varies significantly in growth and equality. Economic disparity will be explored in three different countries. These countries include India, Korea, and Guyana. The effects of the inequality of growth and economic performance is far reaching to even...

Jared Diamond’s Pulitzer-winning “Guns, Germs and Steel: The Fates of Human Societies”, is an unquestionable contribution to debates attempting to explain global economic inequalities through detailed historical narratives. A ponderous recollection of seemingly dense but important details, the book offers the reader and extremely in-depth...