Some Economic Inequality Is Good
The main issues related to judging inequality and its changes over time come down to deciding whether the inequality is of the good or bad kind, says Nobel Laureate Gary Becker.
Many people, especially academics and other intellectuals, find the phrase "good inequality" jarring because they can hardly think of any aspect of inequality as being "good". Yet a little thought makes clear that some types of economic inequality have great social value. For example, it would be hard to motivate the vast majority of individuals to exert much effort, including creative effort, if everyone had the same earnings, status, prestige, and other types of rewards. For example, many fewer individuals would engage in the hard work involved in finishing high school and going on to college if they did not expect their additional education to bring higher incomes, better health, more prestige, and better opportunities to marry.
Both schizophrenics and people with a common personality type share similar brain patterns.
- A new study shows that people with a common personality type share brain activity with patients diagnosed with schizophrenia.
- The study gives insight into how the brain activity associated with mental illnesses relates to brain activity in healthy individuals.
- This finding not only improves our understanding of how the brain works but may one day be applied to treatments.
It's a development that could one day lead to much better treatments for osteoporosis, joint damage, and bone fractures.
- Scientists have isolated skeletal stem cells in adult and fetal bones for the first time.
- These cells could one day help treat damaged bone and cartilage.
- The team was able to grow skeletal stem cells from cells found within liposuctioned fat.
Gut bacteria play an important role in how you feel and think and how well your body fights off disease. New research shows that exercise can give your gut bacteria a boost.
- Two studies from the University of Illinois show that gut bacteria can be changed by exercise alone.
- Our understanding of how gut bacteria impacts our overall health is an emerging field, and this research sheds light on the many different ways exercise affects your body.
- Exercising to improve your gut bacteria will prevent diseases and encourage brain health.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.