What's fair?: New theory on income inequality

The increasing inequality in income and wealth in recent years, together with excessive pay packages of CEOs in the U.S. and abroad, is of growing concern, especially to policy makers. Income inequality was identified as ...

'Econophysics' points way to fair salaries in free market

A Purdue University researcher has used "econophysics" to show that under ideal circumstances free markets promote fair salaries for workers and do not support CEO compensation practices common today.

Neoliberals are most receptive to political tricks, study finds

Do we fall for political tricks—when politicians tell us things that seem completely meaningless? Social psychologists of the University of Amsterdam tested how people respond to vague and meaningless statements like "To ...

India wheat export ban stays despite G7 pressure

India's ban on wheat exports has denied the country's farmers and traders an opportunity to earn money from the sale of wheat in the global market that is currently facing shortages of the prime staple as a result of Russia's ...

What makes a market transaction morally repugnant?

Many people find it morally impermissible to put kidneys, children, or doctorates on the free market. But what makes a market transaction morally repugnant in the eyes of the public? And which transactions trigger the strongest ...

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