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The "Great Gatsby Curve" is the term given to the positive empirical relationship between cross-sectional income inequality and persistence of income across generations. [1] The scatter plot shows a correlation between income inequality in a country and intergenerational income mobility (the potential for its citizens to achieve upward mobility).
The Great Gatsby is a 1925 novel by American writer F. Scott Fitzgerald.Set in the Jazz Age on Long Island, near New York City, the novel depicts first-person narrator Nick Carraway's interactions with Jay Gatsby, the mysterious millionaire with an obsession to reunite with his former lover, Daisy Buchanan.
Daisy Fay Buchanan is a fictional character in F. Scott Fitzgerald's 1925 novel The Great Gatsby.The character is a wealthy socialite from Louisville, Kentucky who resides in the fashionable, "old money" town of East Egg on Long Island, near New York City, during the Jazz Age.
Nick Carraway is a fictional character and narrator in F. Scott Fitzgerald's 1925 novel The Great Gatsby.The character is a Yale University alumnus from the American Midwest, a World War I veteran, and a newly arrived resident of West Egg on Long Island, near New York City.
Jay Gatsby (originally named James Gatz) is the titular fictional character of F. Scott Fitzgerald's 1925 novel The Great Gatsby.The character is an enigmatic nouveau riche millionaire who lives in a luxurious mansion on Long Island where he often hosts extravagant parties and who allegedly gained his fortune by illicit bootlegging during prohibition in the United States. [5]
In equilibrium Z=D. D can be decomposed as D 1 +D 2 where D 1 is the propensity to consume, which may be written C(Y) or χ(N). D 2 is explained as 'the volume of investment', and the equilibrium condition determining the level of employment is that D 1 +D 2 should equal Z as functions of N. D 2 can be identified with I (r).
The Great Gatsby. Smith first read The Great Gatsby as a high school student, but he did not fully understand it at the time. [2] In 2014, after living in Europe, Smith reread the novel for the first time in several years. [5] He came to identify with its narrator Nick Carraway and was drawn to Carraway's sense of detachment. [2]
[2] [3] In the Fitzgerald canon, scholars categorize "Winter Dreams" as part of the so-called "Gatsby-cluster" as the author expanded upon its themes in his 1925 novel The Great Gatsby. [2] Writing his editor Max Perkins in June 1925, Fitzgerald described the short story as a "first draft of the Gatsby idea." [4]