Understanding Wealth Inequality

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:    / iammrbeat  
Animation by Ignacio Triana:    / unraveled  

Watch the whole Economics playlist: http://bit.ly/ProfDaveEcon

Mathematics Tutorials: http://bit.ly/ProfDaveMath
American History Tutorials: http://bit.ly/ProfDaveAmericanHistory
History of Drugs Videos: http://bit.ly/ProfDaveHistoryDrugs
General Chemistry Tutorials: http://bit.ly/ProfDaveGenChem
Classical Physics Tutorials: http://bit.ly/ProfDavePhysics1

EMAIL► [email protected]
PATREON►   / professordaveexplains  

Check out "Is This Wi-Fi Organic?", my book on disarming pseudoscience!
Amazon: https://amzn.to/2HtNpVH
Bookshop: https://bit.ly/39cKADM
Barnes and Noble: https://bit.ly/3pUjmrn
Book Depository: http://bit.ly/3aOVDlT