Unequal income distribution, a market failure?

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elpaw
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#41
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#41
(Original post by 2776)
Agreement of conditions-t
when i say enough is enough, it usually means enough is, surprisingly, enough.
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username9816
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#42
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#42
(Original post by ZJuwelH)
<tumbleweed>

Great minds eh Paw!

its Pav
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kildare
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#43
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Just in case you see this one first......

Linda (plus the other IB'ers) :

The IB syllabus doesn't say that inequality is a market failure per se, merely that inequality of income and weath is a possible cause of market failure. It all boils down as to the goals of individual governements really and you are free to argue that income equality is a 'good' thing as you long as you discuss both sides of the 'case'.
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Jonatan
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#44
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(Original post by ZJuwelH)
We take saving to be an economic bad over here, we don't even dispute if it's good or not. I find it wierd that people defend or even talk about the economic plus points of saving.
Thats cus you are in a recession. If you have problems with inflation savings can be quite a plus as it decrease aggregate demand.
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Linda
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#45
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#45
(Original post by Jonatan)
Thats cus you are in a recession. If you have problems with inflation savings can be quite a plus as it decrease aggregate demand.
If there's a serious infaltion no one would keep their money in the bank, so it wouldn't help you much in practice.
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Jonatan
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#46
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(Original post by Linda)
If there's a serious infaltion no one would keep their money in the bank, so it wouldn't help you much in practice.
Well, I did not mean an extreme inflation such as teh on ein germany in the mid 40ies. I was just saying that the government may increase the interest rate in order to decrease aggregate demand.
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