which thinker has spoken of economic disparity?
Answers
Many a scholar has made a career, in recent decades, by pointing out that this view of Smith is a gross caricature. It has often been noted, for instance, that Smith never once used the term “laissez-faire” or even the term “capitalism,” and that his two books—The Theory of Moral Sentiments (1759) and The Wealth of Nations (1776)—are full of passages lamenting the potential moral, social, and political ills of what he called “commercial society.”
PLEASE PLEASE PLEASE MARK AS BRANLIEST
September 12, 2020
The United States is divided by wealth and social class, and the gap is widening.
In 1980, according to the World Inequality Report, the richest 10% of the population held just under 35% of national income; by 2016, that share had risen to around 47%. As wealth disparities have widened, so have differences in outcomes. The rich now have a hugely better chance at educational attainment, good health, and even longer life expectancy than the poor.
Economic inequality is rising despite the fact that most people agree things should be shared more equally, says Michael Kraus, assistant professor of organizational behavior at the Yale School of Management. So why is it so hard to change the systems that perpetuate the problem?
Kraus, UC Irvine’s Paul Piff and UC Berkeley’s Dacher Keltner investigated this question through the lens of psychology. In a paper in Advances in Experimental Social Psychology, the authors put forth a conceptual model, drawing on existing research, to show how individuals maintain inequality through their actions and beliefs. The authors look at five domains of social life—structural barriers, social class signaling, ideologies of merit, moral-relational tendencies, and intergroup processes—and detail how they perpetuate class divisions in everyday life.