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Equality Of Outcome
Equality of outcome, equality of condition, or equality of results is a political concept which is central to some political ideologies and is used in some political discourse, often in contrast to the term equality of opportunity. It describes a state in which all people have approximately the same material wealth and income, or in which the general economic conditions of everyone's lives are alike. Achieving equal results generally entails reducing or eliminating material inequalities between individuals or households in society and usually involves a transfer of income or wealth from wealthier to poorer individuals, or adopting other measures to promote equality of condition. One account in '' The Journal of Political Philosophy'' suggested that the term meant "equalising where people end up rather than where or how they begin", but described this sense of the term as "simplistic" since it failed to identify what was supposed to be made equal. In politics Political philos ...
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Alice Par John Tenniel 09
Alice may refer to: * Alice (name), most often a feminine given name, but also used as a surname Literature * Alice (''Alice's Adventures in Wonderland''), a character in books by Lewis Carroll * ''Alice'' series, children's and teen books by Phyllis Reynolds Naylor * ''Alice'' (Hermann book), a 2009 short story collection by Judith Hermann Computers * Alice (computer chip), a graphics engine chip in the Amiga computer in 1992 * Alice (programming language), a functional programming language designed by the Programming Systems Lab at Saarland University * Alice (software), an object-oriented programming language and IDE developed at Carnegie Mellon * Alice (Microsoft), an AI project at Microsoft for improving decision-making in economics * Alice mobile robot * Artificial Linguistic Internet Computer Entity, an open-source chatterbot * Matra Alice, a home micro-computer marketed in France * Alice, a brand name used by Telecom Italia for internet and telephone services ...
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Paul Krugman
Paul Robin Krugman ( ; born February 28, 1953) is an American New Keynesian economics, New Keynesian economist who is the Distinguished Professor of Economics at the CUNY Graduate Center, Graduate Center of the City University of New York. He was a columnist for ''The New York Times'' from 2000 to 2024. In 2008, Krugman was the sole winner of the Nobel Memorial Prize in Economic Sciences for his contributions to New Trade Theory, new trade theory and New Economic Geography, new economic geography. The Prize Committee cited Krugman's work explaining the patterns of international trade and the geographic distribution of economic activity, by examining the effects of Economy of scale, economies of scale and of consumer preferences for diverse goods and services. Krugman was previously a professor of economics at MIT, and, later, at Princeton University which he retired from in June 2015, holding the title of Emeritus, professor emeritus there ever since. He also holds the title o ...
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Social Stratification
Social stratification refers to a society's categorization of its people into groups based on socioeconomic factors like wealth, income, race, education, ethnicity, gender, occupation, social status, or derived power (social and political). It is a hierarchy within groups that ascribe them to different levels of privileges. As such, stratification is the relative social position of persons within a social group, category, geographic region, or social unit. In modern Western societies, social stratification is defined in terms of three social classes: an upper class, a middle class, and a lower class; in turn, each class can be subdivided into an upper-stratum, a middle-stratum, and a lower stratum. Moreover, a social stratum can be formed upon the bases of kinship, clan, tribe, or caste, or all four. The categorization of people by social stratum occurs most clearly in complex state-based, polycentric, or feudal societies, the latter being based upon socio-econom ...
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Julian Glover (commentator)
Julian Wyatt Glover (born 27 March 1935) is an English actor with many stage, television, and film roles. Classically trained, he is a recipient of the Laurence Olivier Award and has performed many times for the Royal Shakespeare Company. Glover's well-known film roles have included playing villains in several major motion picture franchises: General Maximilian Veers in ''The Empire Strikes Back'' (1980), Aristotle Kristatos in '' For Your Eyes Only'' (1981), and Walter Donovan in ''Indiana Jones and the Last Crusade'' (1989). He has also appeared as Brian Harcourt-Smith in '' The Fourth Protocol'' (1987), voiced the giant Acromantula spider Aragog in ''Harry Potter and the Chamber of Secrets'' (2002), and appeared as conductor Andris Davis in the psychological drama '' Tár'' (2022). Glover has also appeared frequently on television, especially in the UK, including guest appearances in series such as '' The Avengers'', '' The Saint'', '' Thriller'', ''Doctor Who'', ''Bla ...
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The Guardian
''The Guardian'' is a British daily newspaper. It was founded in Manchester in 1821 as ''The Manchester Guardian'' and changed its name in 1959, followed by a move to London. Along with its sister paper, ''The Guardian Weekly'', ''The Guardian'' is part of the Guardian Media Group, owned by the Scott Trust Limited. The trust was created in 1936 to "secure the financial and editorial independence of ''The Guardian'' in perpetuity and to safeguard the journalistic freedom and liberal values of ''The Guardian'' free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for ''The Guardian'' the same protections as were built into the structure of the Scott Trust by its creators. Profits are reinvested in its journalism rather than distributed to owners or shareholders. It is considered a newspaper of record in the UK. The editor-in-chief Katharine Viner succeeded Alan Rusbridger in 2015. S ...
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Daiane Conterato2 Crop
Daiane is a common Portuguese feminine given name (in English ''Diane''). People * Daiane Conterato (1990), Brazilian fashion model * Daiane Limeira (1997), Brazilian footballer * Daiane Rodrigues (footballer, born 1983), Brazilian footballer sometimes known by the demonym Bagé * Daiane Rodrigues (footballer, born 1986), Brazilian footballer * Daiane dos Santos (1983), Brazilian artistic gymnast See also *Diane (given name) ''Alternative spellings include Daiane, Dianne (other), Dianne, Dianna, Dian (other), Dian, Diahann, Dyan, Dyanne and Dyane. See also Di (other), Di and Diana (other), Diana'' Notable people * Diane, Duchess of W ... {{given name Portuguese feminine given names Feminine given names ...
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Social Democracy
Social democracy is a Social philosophy, social, Economic ideology, economic, and political philosophy within socialism that supports Democracy, political and economic democracy and a gradualist, reformist, and democratic approach toward achieving social equality. In modern practice, social democracy has taken the form of predominantly capitalist economies, a robust welfare state, policies promoting social justice, market regulation, and a more Redistribution of income and wealth, equitable distribution of income. Social democracy maintains a commitment to Representative democracy, representative and participatory democracy. Common aims include curbing Social inequality, inequality, eliminating the oppression of Social privilege, underprivileged groups, eradicating poverty, and upholding universally accessible public services such as child care, Universal education, education, elderly care, Universal health care, health care, and workers' compensation. Economically, it support ...
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Social Market Economy
The social market economy (SOME; ), also called Rhine capitalism, Rhine-Alpine capitalism, the Rhenish model, and social capitalism, is a socioeconomic model combining a free-market capitalist economic system with social policies and enough regulation to establish both fair competition within the market and generally a welfare state. It is sometimes classified as a regulated market economy. The social market economy was originally promoted and implemented in West Germany by the Christian Democratic Union under Chancellor Konrad Adenauer in 1949 and today it is used by ordoliberals, social liberals and social democrats alike. Its origins can be traced to the interwar Freiburg school of economic thought. The social market economy was designed to be a middle way between ''laissez-faire'' forms of capitalism and socialist economics. It was strongly inspired by ordoliberalism, which was influenced by the political ideology of Christian democracy. Social market refrains from ...
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Ordoliberalism
Ordoliberalism is the German variant of economic liberalism that emphasizes the need for government to ensure that the free market produces results close to its theoretical potential. Ordoliberal ideals became the foundation of the creation of the post-World War II German social market economy and its attendant . The term "ordoliberalism" () was coined in 1950 by and refers to the academic journal '' ORDO''. Linguistic differentiation Ordoliberals separate themselves from classical liberals. Notably, , with , founder of ordoliberalism and the Freiburg School, rejected neoliberalism. Ordoliberals promote the concept of the social market economy, which favors a strong role for the state with respect to the market and which is in many ways different from the ideas connected to the term "neoliberalism". The term "neoliberalism" was originally coined in 1938 at the by , who is regarded as an ordoliberal today. Because of the connected history, ordoliberalism is sometimes ...
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Distributism
Distributism is an economic theory asserting that the world's productive assets should be widely owned rather than concentrated. Developed in the late 19th and early 20th centuries, distributism was based upon Catholic social teaching principles, especially those of Pope Leo XIII in his encyclical ''Rerum novarum'' (1891) and Pope Pius XI in ''Quadragesimo anno'' (1931). It has influenced Anglo Christian Democratic movements, and has been recognized as one of many influences on the social market economy. Distributism views ''laissez-faire'' capitalism and state socialism as equally flawed and exploitative, due to their extreme concentration of ownership. Instead, it favours small independent craftsmen and producers; or, if that is not possible, economic mechanisms such as cooperatives and member-owned mutual organization, mutual organisations, as well as Small and medium-sized enterprises, small to medium enterprises and vigorous competition law, anti-trust laws to restrain o ...
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Wealth
Wealth is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions. This includes the core meaning as held in the originating Old English word , which is from an Indo-European word stem. The modern concept of wealth is of significance in all areas of economics, and clearly so for growth economics and development economics, yet the meaning of wealth is context-dependent. A person possessing a substantial net worth is known as ''wealthy''. Net worth is defined as the current value of one's assets less liabilities (excluding the principal in trust accounts). At the most general level, economists may define wealth as "the total of anything of value" that captures both the subjective nature of the idea and the idea that it is not a fixed or static concept. Various definitions and concepts of wealth have been asserted by various people in different contexts.Denis "Authentic Development: Is it Sustaina ...
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Meritocracy
Meritocracy (''merit'', from Latin , and ''-cracy'', from Ancient Greek 'strength, power') is the notion of a political system in which economic goods or political power are vested in individual people based on ability and talent, rather than wealth or social class. Advancement in such a system is based on performance, as measured through examination or demonstrated achievement. Although the concept of meritocracy has existed for centuries, the first known use of the term was by sociologist Alan Fox in the journal ''Socialist Commentary'' in 1956. It was then popularized by sociologist Michael Dunlop Young, who used the term in his dystopian political and satirical book ''The Rise of the Meritocracy'' in 1958. While the word was coined and popularized as a pejorative, its usage has ameliorated. Today, the term is often utilised to refer to social systems in which personal advancement and success primarily reflect an individual's capabilities and merits, frequently seen as equ ...
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