Vincent Geloso - What Effects Income Mobility?
The Curious Task
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What Are the Main Takeaways for Those Listening to the Chat?
Vincent Gelloso: Your tolerance for what is perceived as fair or unfair should be entirely contingent on rules of the game. He says that in a society where property rights are secure and regulation is low, then it's fair to have people who can get payoffs from shaving the rules of the games. Evans: I would like you to believe that initial endowments is not that big a deal. Rules of the games matter so much more by orders of magnitude, by like 10 to 1.
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