{"id":140,"date":"2024-05-29T23:13:10","date_gmt":"2024-05-29T23:13:10","guid":{"rendered":"https:\/\/course.oeru.org\/miec102\/?page_id=140"},"modified":"2024-05-29T23:13:10","modified_gmt":"2024-05-29T23:13:10","slug":"income-inequality","status":"publish","type":"page","link":"https:\/\/course.oeru.org\/miec102\/learning-pathways\/markets-and-individual-maximizing-behaviour\/income-inequality\/","title":{"rendered":"Income inequality"},"content":{"rendered":"<div id=\"content\" class=\"mw-body container\" role=\"main\">\n<div class=\"row\">\n<div class=\"col-md-12\">\n<div class=\"panel\">\n<div class=\"panel-body\">\n<div id=\"bodyContent\">\n<div id=\"mw-content-text\" lang=\"en\" dir=\"ltr\" class=\"mw-content-ltr\">\n<p>\n<\/p>\n<div class=\"thumb tleft\">\n<div class=\"thumbinner thumbnail\" style=\"width:254px;\"><a href=\"https:\/\/wikieducator.org\/File:Hardtimessign.jpg\" class=\"image\"><img loading=\"lazy\" decoding=\"async\" alt=\"Hardtimessign.jpg\" src=\"\/\/wikieducator.org\/images\/2\/22\/Hardtimessign.jpg\" width=\"252\" height=\"252\" class=\"thumbimage img-responsive\"><\/a>  <\/p>\n<div class=\"thumbcaption\"><\/div>\n<\/div>\n<\/div>\n<p>&#8220;Questions of fairness often accompany discussions of income inequality, poverty, and discrimination. Answering them ultimately involves value judgments; they are normative questions, not positive ones. You must decide for yourself if a particular distribution of income is fair or if society has made adequate progress toward reducing poverty or discrimination.\n<\/p>\n<p>&#8220;The material in this chapter will not answer those questions for you; rather, in order for you to have a more informed basis for making your own value judgments, it will shed light on what economists have learned about these issues through study and testing of hypotheses.&#8221;<br \/>\n<br \/><i>&#8211; Principles of Macroeconomics<\/i>\n<\/p>\n<div style=\"clear:both\"><\/div>\n<div class=\"panel iDevice\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"activity\" src=\"https:\/\/course.oeru.org\/miec102\/wp-content\/themes\/oeru_course\/idevices\/Icon_activity.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>Activity<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t<\/p>\n<p><a rel=\"nofollow\" class=\"external text\" href=\"https:\/\/saylordotorg.github.io\/text_principles-of-microeconomics-v2.0\/s22-inequality-poverty-and-discrim.html\">Principles of Macroeconomics: &#8220;Chapter 19: Inequality, Poverty, and Discrimination&#8221;<\/a>\n<\/p>\n<ul>\n<li> Read this chapter for a more detailed look at the topic of income inequality. Attempt the &#8220;Try It\u201d problems at the end of each section before checking your answers.\n<\/li>\n<\/ul>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<p><!-- \nNewPP limit report\nCPU time usage: 0.020 seconds\nReal time usage: 0.025 seconds\nPreprocessor visited node count: 86\/1000000\nPreprocessor generated node count: 817\/1000000\nPost\u2010expand include size: 2092\/2097152 bytes\nTemplate argument size: 828\/2097152 bytes\nHighest expansion depth: 7\/40\nExpensive parser function count: 0\/100\n--><\/p>\n<p><!-- Saved in parser cache with key we_en-mw_:pcache:idhash:177013-0!*!*!*!*!2!* and timestamp 20240529231310 and revision id 1003567\n -->\n<\/div>\n<div class=\"visualClear\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col-md-12\">\n<ul class=\"pager\">\n<li class=\"previous\">\n            <a href=\"\/miec102\/learning-pathways\/markets-and-individual-maximizing-behaviour\/when-markets-fail\">\u2190 Previous<\/a>\n          <\/li>\n<li class=\"next\">\n            <a href=\"\/miec102\/learning-pathways\/the-consumer\/introduction-and-objectives\">Next \u2192<\/a>\n          <\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<div id=\"wenote-ids\"><script type='text\/javascript' id='wenotes-ids'>\n    var WEnotesSite = \"https:\/\/wikieducator.org\";\n    var WEnotesPath = \"\/Microeconomics_production_and_consumption\/Income_inequality\";\n    var WEnotesSiteID = \"0e3d258fbd36841f92259eefcd41d5e9\";\n    var WEnotesPathID = \"627ca8f4019908db4aa57e1ff784bb87\";\n    var WEnotesIDs = { site: \"https:\/\/wikieducator.org\", path: \"\/Microeconomics_production_and_consumption\/Income_inequality\", site_id: \"0e3d258fbd36841f92259eefcd41d5e9\", path_id: \"627ca8f4019908db4aa57e1ff784bb87\" };\n<\/script><\/div>\n<\/div>\n<footer><\/footer>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Questions of fairness often accompany discussions of income inequality, poverty, and discrimination. Answering them ultimately involves value judgments; they are normative questions, not positive ones. You must decide for yourself if a particular distribution of income is fair or if society has made adequate progress toward reducing poverty or discrimination. &#8220;The material in this chapter [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":132,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-140","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/course.oeru.org\/miec102\/wp-json\/wp\/v2\/pages\/140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/course.oeru.org\/miec102\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/course.oeru.org\/miec102\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/miec102\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/miec102\/wp-json\/wp\/v2\/comments?post=140"}],"version-history":[{"count":1,"href":"https:\/\/course.oeru.org\/miec102\/wp-json\/wp\/v2\/pages\/140\/revisions"}],"predecessor-version":[{"id":141,"href":"https:\/\/course.oeru.org\/miec102\/wp-json\/wp\/v2\/pages\/140\/revisions\/141"}],"up":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/miec102\/wp-json\/wp\/v2\/pages\/132"}],"wp:attachment":[{"href":"https:\/\/course.oeru.org\/miec102\/wp-json\/wp\/v2\/media?parent=140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}