Institutions, power, and inequality II
Materials for class on Wednesday, February 13, 2019
Contents
Slides
Download the slides from today’s lecture.
International Trade Game
This game was originally developed by the international NGO Action Aid and adapted by Dr. John Sloman from the University of the West of England.
Results
In the 8:00 section, two mergers happened, resulting in higher incomes for both countries. In the 9:30 section, nobody merged and the resulting society was pretty much perfectly equal—no one country had an inordinate amount of the world’s wealth.
| Country | Total earnings | % of world earnings |
|---|---|---|
| A2 & B1 | $38,900 | 47.1% |
| C1 & C2 | $33,200 | 40.2% |
| A1 | $10,500 | 12.7% |
| Country | Total earnings | % of world earnings |
|---|---|---|
| C1 | $17,300 | 26.88% |
| B1 | $16,600 | 25.80% |
| C2 | $15,400 | 23.93% |
| A1 | $15,050 | 23.39% |
Gini coefficients
This distribution of wealth created societies with different Gini coefficients: 0.23 in the 8:00 section and 0.03 in the 9:30 section (almost exactly 0!)
Clearest and muddiest things
Go to this form and answer these three questions:
- What was the muddiest thing from class today? What are you still wondering about?
- What was the clearest thing from class today?
- What was the most exciting thing you learned?
I’ll compile the questions and send out answers after class.