Channel: Professor Dave Explains

Category: Education

Tags: microeconomicsglobal distribution of wealtheconomicswealth inequalitycorrado ginirich and poorgini index

Description: We've talked about public goods and externalities, and one negative externality associated with economic decisions is wealth inequality. A certain measure of wealth inequality is expected and desirable for any economy. But when this becomes extreme, as it is in the United States and many other countries today, it can be an enormous problem. Let's talk about how this arises, its effects, and how we measure it quantitatively. Script by Matt Beat: youtube.com/user/iammrbeat Animation by Ignacio Triana: youtube.com/c/Unraveled Watch the whole Economics playlist: bit.ly/ProfDaveEcon Mathematics Tutorials: bit.ly/ProfDaveMath American History Tutorials: bit.ly/ProfDaveAmericanHistory History of Drugs Videos: bit.ly/ProfDaveHistoryDrugs General Chemistry Tutorials: bit.ly/ProfDaveGenChem Classical Physics Tutorials: bit.ly/ProfDavePhysics1 EMAIL► ProfessorDaveExplains@gmail.com PATREON► patreon.com/ProfessorDaveExplains Check out "Is This Wi-Fi Organic?", my book on disarming pseudoscience! Amazon: amzn.to/2HtNpVH Bookshop: bit.ly/39cKADM Barnes and Noble: bit.ly/3pUjmrn Book Depository: bit.ly/3aOVDlT