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Critiquing and Expanding the Sociology of Inequality
Critiquing and Expanding the Sociology of Inequality

... Table 1: Functionalism on Inequality (Adapted from Davis and Moore 1945; Tumin 1953) 1. Society is an organic system whose various components work together to contribute to the health of the system. Some of the positions within the system, though, are more important than others for the survival of t ...
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File

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Inequality and process

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Office Hours - Josh Curtis

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Economic inequality



Economic inequality, also known as income inequality, wealth inequality, gap between rich and poor, gulf between rich and poor and contrast between rich and poor, refers to how economic metrics are distributed among individuals in a group, among groups in a population, or among countries. Economists generally think of three metrics of economic disparity: wealth (wealth inequality), income (income inequality), and consumption. The issue of economic inequality can implicate notions of equity, equality of outcome, and equality of opportunity.Some studies have emphasized inequality as a growing social problem. Too much inequality can be destructive, because income inequality and wealth concentration can hinder long term growth. Early statistical studies comparing inequality to economic growth had been inconclusive, however in 2011, International Monetary Fund economists showed that greater income equality—less inequality—increased the duration of countries' economic growth spells more than free trade, low government corruption, foreign investment, or low foreign debt.Economic inequality varies between societies, historical periods, economic structures and systems. The term can refer to cross sectional distribution of income or wealth at any particular period, or to the lifetime income and wealth over longer periods of time. There are various numerical indices for measuring economic inequality. A widely used one is the Gini coefficient, but there are also many other methods.
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