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The rich get richer and the poor get poorer. Find out how this is predicted using the Matthew Effect Here’s some key topics covered from this episode: - How a Bible verse predicts inequality - Why you need to reconsider your own beliefs on this...
The rich get richer and the poor get poorer.
Find out how this is predicted using the Matthew Effect
Here’s some key topics covered from this episode:
- How a Bible verse predicts inequality
- Why you need to reconsider your own beliefs on this topic
- What my Economics Teachers that helps me to address this
Play the episode for more
Here’s some key takeaways from this episode:
The Matthew Effect says people who have more get more
“In its simplest form the Matthew Effect describes how the rich get richer and the poor get poorer “
This means those with less get a lot less in relative terms
““eminent scientists get disproportionately great credit for their contributions to science while relatively unknown scientists tend to get disproportionately little credit for comparable contributions.”
This may mean misallocation of important resources
“If this a market failure.. Maybe we need to address it.. ”
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