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[8]: 208 Inequality has risen in most developed countries since the 1960s, so graphs of inequality over time no longer display a Kuznets curve. Piketty has argued that the decline in inequality over the first half of the 20th century was a once-off effect due to the destruction of large concentrations of wealth by war and economic depression.
A pro-marriage equality rally in San Francisco, US Equality symbolSocial equality is a state of affairs in which all individuals within society have equal rights, liberties, and status, possibly including civil rights, freedom of expression, autonomy, and equal access to certain public goods and social services.
The ancient Greek philosophers Plato and Aristotle debated economic equality. Painting by Raffaello Sanzio (1509). According to professor of politics Ed Rooksby, the concept of equality of outcome is an important one in disputes between different political positions, since equality has overall been seen as positive and an important concept that is "deeply embedded in the fabric of modern ...
Modern egalitarianism is a theory that rejects the classic definition of egalitarianism as a possible achievement economically, politically, and socially. Modern egalitarianism theory, or new egalitarianism, outlines that if everyone had the same opportunity cost , [ clarification needed ] then there would be no comparative advances and no one ...
Dependency theory is the idea that resources flow from a "periphery" of poor and exploited states to a "core" of wealthy states, enriching the latter at the expense of the former. A central contention of dependency theory is that poor states are impoverished and rich ones enriched by the way poor states are integrated into the "world system".
From the early modern period until the twentieth century, the preeminent political institution was the state, which is sovereign, territorial, claims a monopoly on the legitimate use of violence in its territory, and exists in an international system of other sovereign states. [7]
In his book A Theory of Justice, John Rawls outlines his famous theory about justice as fairness. The theory consists of three core components: [4] the equality of people in rights and liberties; the equality of opportunities for all; and; an arrangement of economic inequalities focused on benefit maximisation for those who are least advantaged.
The Theil index is a statistic primarily used to measure economic inequality [1] and other economic phenomena, though it has also been used to measure racial segregation. [2] [3] The Theil index T T is the same as redundancy in information theory which is the maximum possible entropy of the data minus the observed entropy.