First of all, it is a grossly unrealistic utopian ideal dating from the beginning of the Age of the Democratic Revolution.
The biggest implication for wealthier societies and all individuals within them, is that global equalitarianism means income convergence. Guess what the global average or median income is per capita.
It's the issue few economists will touch, baby.
The kiss of death for the whole discipline, ab initio. And it's now barrelling down on all of them and us. They are scattering in all directions like leaves blown in the wind, baby!
Ye shall know them by their fruits. Do men
gather grapes of thorns, or figs of thistles? Matthew 7:16
The kiss of death for the whole discipline, ab initio. And it's now barrelling down on all of them and us. They are scattering in all directions like leaves blown in the wind, baby!
Ye shall know them by their fruits. Do men
Rodrik has tried to broach it somewhat indirectly, ends up with merdre on his face I suspect.
Piketty won't even touch it....Capital in the 21ST Century. He just left the whole towering enormous topic out, baby! Smart guy....
Tumbling global growth.
Catapulting average, mean, or median, income convergence: take your pick. Do you feel lucky?
Stake in the heart of The Age of the Democratic Revolution....
You can quote me: Boomerbuster
Tumbling global growth.
Catapulting average, mean, or median, income convergence: take your pick. Do you feel lucky?
Stake in the heart of The Age of the Democratic Revolution....
You can quote me: Boomerbuster
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