Tuesday, December 22, 2009

The Importance of Economic Equality

It has taken a good 6 months for the important book "The Spirit Level : How More Equal Societies Almost Always Do Better" to be published in the USA, which on most indicators comes out as the least equal society ( - even more so than the UK!)

The proof is based on 2 sets of indicators one of which is a series of comparisons among the individual States of the USA.

It will be interesting to observe how the the "American Dream" performs when confronted with evidence of The Importance of Economic Equality.

This link will take you to an article published on-line by Time (and CNN) where the 2 authors address a number of questions. This has allowed them to update their evidence with the fact that " more-equal societies are more innovative in terms of patents granted per capita This is probably because they develop more human capital. Kids do better in school, and social mobility is higher"

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