Daron Acemoglu on Inequality, Institutions, and Piketty
EconTalk
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How Do You Define Wage Inequality?
In order to understand the dynamics of wage inequality, we must introduce other factors. The labor market is not a mathematical abstraction whose workings are entirely determined by natural mechanisms and implacable technological forces. It is a social construct based on specific and compromises. I would argue that you could have written that paragraph more or less a and he has a few others like that.
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