Bazsites.com Consumption And Wealth
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On the Web
- Wealth IS a Zero-Sum Game - In Defense of Democratic Capitalism says that wealth is a zero sum game (this means that there is always a loser whenever anyone gains, and all exchanges therefore make someone lose or everyone break even).
- Addressing the Extremes of Wealth and Poverty - Outlines a proposals to reduce the disparity in wealth between poor and wealthy nations and individuals, through taxation and redistribution.
- United for a Fair Economy - U.S. national, independent, nonpartisan organization concerned about the growing income, wage and wealth inequality in the United States. Specific issues include wage inequalities and "tax cuts for the rich".
- Closing the Wealth Gap - A speech by P. J. O'Rourke, nationally syndicated columnist and award-winning author, on income disparity.
- China: A Shared Poverty To Uneven Wealth? - A George Washington University analysis of how economic reforms (away from socialism) have caused a widening income gap in China, and yet raised the standards of living of the Chinese people.
- Growing Income Disparity and the Middle Class Squeeze - Catholic Social Justice takes a stand against income disparity, which it says is growing fast in the US. Includes statistics.
- Helena Norberg-Hodge - An interview with Helena Norberg-Hodge, founder of the International Society for Ecology and Culture, regarding globalism, new world economics, and their effects on the consumerist society.
- The University of Texas Inequality Project (UTIP) - The UTIP is a research group concerned with measuring and explaining movements of inequality in wages and earnings and patterns of industrial changes around the world. Techniques are applied to data from the United States, the OECD, and UNIDO, with interesting results for both developed and developing countries.
- CONVERGE project - Organization dedicated to analysis of Economic and technological regional convergence in Europe. Provides conference descriptions, case studies, and research.
- Poverty, Inequality and Development: Research at Cornell University - Portal to research on poverty, inequality and development at Cornell University.
Wikipedia Articles
- Wealth elasticity of demand - Wealth elasticity of demand in microeconomics is the relation of the proportional change in consumption of a good to a proportional change in wealth (as distinct from changes in personal income). Measuring and accounting for the variability in this elasticity is a continuing problem in Behavioral finance and Consumer theory.
- Conspicuous consumption - Conspicuous consumption is a term used to describe the lavish spending on goods and services that are acquired mainly for the purpose of displaying income or wealth. In the mind of a conspicuous consumer, such display serves as a means of attaining or maintaining social status.
- Eco-sufficiency - Eco-sufficiency requires a reduction of the level of production/consumption in those parts of the world with the highest standards of living beyond reducing the use of natural resources as well as waste and emissions per unit of production/consumption (=decoupling/delinking). Given a very loose relation in rich countries between material wealth, GDP and human well-being, this might be possible even without reducing the latter, while, for example, increasing leisure and non-material activities for well-being.
- Pigou effect - The Pigou effect is an economics term that refers to the stimulation of output and employment caused by increasing consumption due to a rise in real balances of wealth, particularly during deflation.
- Simple living - Simple living (or voluntary simplicity) is a lifestyle in which individuals consciously choose to minimize the 'more-is-better' pursuit of wealth and consumption. Adherents choose simple living for a variety of reasons, including spirituality, health, increase in 'quality time' for family and friends, stress reduction, conservation, social justice or anti-consumerism, while others choose to live more simply for reasons of personal taste or personal economy.