A Summary Example

  • PierCarlo Nicola
Chapter
Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 661)

Abstract

This part applies all the previous findings to a fully worked out example. The aim is mainly to explore the tradeoff between efficiency and inequality/poverty, in order to verify when, at least in some instances, a greater degree of inequality can improve the economy’s total productivity, hence also the incomes (and consumptions) of the less favored, i.e. those belonging to the poorest part of the society which, in modern economies, is protected to varying degrees by the P.A., against too low income (and consumption) levels.

Keywords

Social Welfare Income Distribution Economic Agent Social Welfare Function Individual Income 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

  1. Mill JS (1848) Principles of political economy. Routledge, LondonGoogle Scholar
  2. Rostow WW (1960) The stages of economic growth. Cambridge, Cambridge University PressGoogle Scholar

Copyright information

© Springer-Verlag Berlin Heidelberg 2013

Authors and Affiliations

  • PierCarlo Nicola
    • 1
  1. 1.Dipto. MatematicaUniversità di MilanoMilanoItaly

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