Economics

Historical effects of shocks on inequality: the great leveler revisited

B. V. Bavel and M. Scheffer

Explore the complex relationship between historical shocks and inequality in this insightful review by Bas van Bavel and Marten Scheffer. Contrary to popular belief, most disasters in history have led to an increase in wealth gaps, influenced by already skewed economic systems. Discover the exceptions where strong community leverage reshaped responses, shedding light on the dynamics of power and disparity throughout the ages.... show more

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