Inequality and Gresham's Law: Does the bad drive out the good?
Jan Vandemoortele, former Director of the UNDP Poverty Group and UN Resident and Humanitarian Coordinator to Pakistan, presented his paper on "Inequality and Gresham's Law: Does the bad drive out the good?" in an open forum organized by DPAD/DESA today. Using a combination of research and philosophy, Vandemoortele makes a compelling case that "bad inequalities drive out good inequalities in that high inequalities of outcomes make equality of opportunity virtually impossible".
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