Persisting Inequality: A Case of Probabilistic Drive towards Divergence

Robin Maialeh ()
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Robin Maialeh: Masaryk Institute Advanced Studies, Czech Technical University in Prague

Acta Oeconomica, 2017, vol. 67, issue 2, 215-234

Abstract: The aim of the study is to prove that agents organised by market forces tend to create and even more so deepen economic disparities over time. Empirical studies do not reliably describe the trend and causes of interpersonal global inequality in recent decades. Hence, the attention is turned to general economic theory with inspiration from Schumpeterian and neoclassical theories. The results indicate that pure market economy logic will tend lead to multi-level divergence.

Keywords: perfect competition; inequality; probability; divergence (search for similar items in EconPapers)
JEL-codes: D01 D61 D63 E21 (search for similar items in EconPapers)
Date: 2017
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