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Inequality and Social Disorder

In: Growth, Employment, Inequality, and the Environment

Author

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  • Adolfo Figueroa

Abstract

According to the epsilon, omega, and sigma models presented so far, production and distribution in capitalist societies are endogenously determined. Income inequality is thus an outcome of the economic process. An implicit assumption of these models was that the degree of inequality was always socially tolerable. Therefore, once static general equilibrium was reached, production and distribution could be repeated period after period under the same rules of the economic game, that is, the general equilibrium implied social order.

Suggested Citation

  • Adolfo Figueroa, 2015. "Inequality and Social Disorder," Palgrave Macmillan Books, in: Growth, Employment, Inequality, and the Environment, chapter 0, pages 151-180, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-50267-4_7
    DOI: 10.1057/9781137502674_7
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