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The Pareto Distribution and the Matthew Effect: Definition and Moral Considerations

C. Layne Hancock

Abstract


This article coordinates recent scientific and economic research into the “richget-richer” phenomenon to define and explain the underlying causes. This has been labeled the “Pareto Distribution” in economic fields and the “Matthew Effect” in other social sciences. I then offer a moral sketch for the implications of these potential economic “natural laws” that rejects two extremes: primitivism and social constructivism.

C. Layne Hancock, "The Pareto Distribution and the Matthew Effect: Definition and Moral Considerations," Journal of Markets & Morality 25, no. 1 (2022): 99-114


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