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O ekonomskoj nejednakosti i društvenom blagostanju

On economic inequality and social welfare

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2015
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Begović, Boris
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Abstract
Cilj rada je da istraži odnos između ekonomske nejednakosti i društvenog blagostanja, polazeći od pretpostavke da smer uzročno-posledične veze ide od ekonomske nejednakosti ka društvenom blagostanju. Standardni konceptualni okvir ekonomske nauke obogaćen je interpersonalnom funkcijom individualnog blagostanja, kako bi se sagledali efekti ekonomske nejednakosti na nivo društvenog blagostanja. Pokazalo se da ne može da se dođe do jednoznačnog teorijskog nalaza, već da razlike u preferencijama pojedinaca u ovom pogledu treba da se empirijski istraže. Analiza posledica nejednakosti na privredni rast, što znači dinamiku društvenog blagostanja, pokazala je da postoje brojni mehanizmi uzročno-posledične veze s protivrečnim smerom dejstva. Najznačajniji mehanizam kojim ekonomska nejednakost ubrzava privredni rast jeste povećanje stope štednje i investicija, dok je najznačajniji mehanizam kojim ga usporava onaj koji umanjuje investicije u ljudski kapital. Stoga se ne može doneti jednoznačan teo...rijski zaključak ni u ovom pogledu. Ipak, savremena teorija privrednog rasta pokazala je da je za rast, pa time i uvećanje društvenog blagostanja najopasnija nejednakost tretmana, koja se svodi na neravnopravnost, budući da se takva nejednakost uslovljava znatnu alokativnu neefikasnost.

The aim of the paper is to explore the relations between economic inequality and social welfare staring from the assumption that causality goes from economic inequality to social welfare. Standard methodological framework of economic science was enhanced with interpersonal function of individual welfare so the effects of economic inequality of the level of social welfare can be considered. It was demonstrated that there is no unequivocal theoretical conclusion and that differences in the preferences among people should be empirical considered for more insights. The analysis of the consequences of economic inequality to economic growth, i.e. dynamics of social welfare, demonstrated that there are numerous mechanisms of causality with the countervailing effects. The most important mechanism by which inequality speeds-up economic growth is based on the increased saving and invents rates, and the most important mechanism by which it slows-down growth is based on decreasing investments in h...uman capital. Accordingly, there is no unequivocal theoretical conclusion also in this case. Nonetheless, modern growth theory has demonstrated that that the most dangerous economic growth is inequality of the treatment of economic agents, i.e. discrimination and exclusion, as that kind of inequality creates substantial allocative inefficiency.

Keywords:
Privredni rast / Investicije / Interpersonalna funkcija blagostanja / Ekonomska nejednakost / Društveno blagostanje / Social welfare / Investments / Interpersonal welfare function / Economic inequality / Economic growth
Source:
Anali Pravnog fakulteta u Beogradu, 2015, 63, 1, 23-40

DOI: 10.5937/AnaliPFB1501023B

ISSN: 0003-2565

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URI
https://ralf.ius.bg.ac.rs/handle/123456789/1629
Collections
  • Anali Pravnog fakulteta u Beogradu / The Annals of the Faculty of Law in Belgrade
Institution/Community
Pravni fakultet / Faculty of Law University of Belgrade
TY  - JOUR
AU  - Begović, Boris
PY  - 2015
UR  - https://ralf.ius.bg.ac.rs/handle/123456789/1629
AB  - Cilj rada je da istraži odnos između ekonomske nejednakosti i društvenog blagostanja, polazeći od pretpostavke da smer uzročno-posledične veze ide od ekonomske nejednakosti ka društvenom blagostanju. Standardni konceptualni okvir ekonomske nauke obogaćen je interpersonalnom funkcijom individualnog blagostanja, kako bi se sagledali efekti ekonomske nejednakosti na nivo društvenog blagostanja. Pokazalo se da ne može da se dođe do jednoznačnog teorijskog nalaza, već da razlike u preferencijama pojedinaca u ovom pogledu treba da se empirijski istraže. Analiza posledica nejednakosti na privredni rast, što znači dinamiku društvenog blagostanja, pokazala je da postoje brojni mehanizmi uzročno-posledične veze s protivrečnim smerom dejstva. Najznačajniji mehanizam kojim ekonomska nejednakost ubrzava privredni rast jeste povećanje stope štednje i investicija, dok je najznačajniji mehanizam kojim ga usporava onaj koji umanjuje investicije u ljudski kapital. Stoga se ne može doneti jednoznačan teorijski zaključak ni u ovom pogledu. Ipak, savremena teorija privrednog rasta pokazala je da je za rast, pa time i uvećanje društvenog blagostanja najopasnija nejednakost tretmana, koja se svodi na neravnopravnost, budući da se takva nejednakost uslovljava znatnu alokativnu neefikasnost.
AB  - The aim of the paper is to explore the relations between economic inequality and social welfare staring from the assumption that causality goes from economic inequality to social welfare. Standard methodological framework of economic science was enhanced with interpersonal function of individual welfare so the effects of economic inequality of the level of social welfare can be considered. It was demonstrated that there is no unequivocal theoretical conclusion and that differences in the preferences among people should be empirical considered for more insights. The analysis of the consequences of economic inequality to economic growth, i.e. dynamics of social welfare, demonstrated that there are numerous mechanisms of causality with the countervailing effects. The most important mechanism by which inequality speeds-up economic growth is based on the increased saving and invents rates, and the most important mechanism by which it slows-down growth is based on decreasing investments in human capital. Accordingly, there is no unequivocal theoretical conclusion also in this case. Nonetheless, modern growth theory has demonstrated that that the most dangerous economic growth is inequality of the treatment of economic agents, i.e. discrimination and exclusion, as that kind of inequality creates substantial allocative inefficiency.
T2  - Anali Pravnog fakulteta u Beogradu
T1  - O ekonomskoj nejednakosti i društvenom blagostanju
T1  - On economic inequality and social welfare
EP  - 40
IS  - 1
SP  - 23
VL  - 63
DO  - 10.5937/AnaliPFB1501023B
UR  - conv_3232_6
ER  - 
@article{
author = "Begović, Boris",
year = "2015",
abstract = "Cilj rada je da istraži odnos između ekonomske nejednakosti i društvenog blagostanja, polazeći od pretpostavke da smer uzročno-posledične veze ide od ekonomske nejednakosti ka društvenom blagostanju. Standardni konceptualni okvir ekonomske nauke obogaćen je interpersonalnom funkcijom individualnog blagostanja, kako bi se sagledali efekti ekonomske nejednakosti na nivo društvenog blagostanja. Pokazalo se da ne može da se dođe do jednoznačnog teorijskog nalaza, već da razlike u preferencijama pojedinaca u ovom pogledu treba da se empirijski istraže. Analiza posledica nejednakosti na privredni rast, što znači dinamiku društvenog blagostanja, pokazala je da postoje brojni mehanizmi uzročno-posledične veze s protivrečnim smerom dejstva. Najznačajniji mehanizam kojim ekonomska nejednakost ubrzava privredni rast jeste povećanje stope štednje i investicija, dok je najznačajniji mehanizam kojim ga usporava onaj koji umanjuje investicije u ljudski kapital. Stoga se ne može doneti jednoznačan teorijski zaključak ni u ovom pogledu. Ipak, savremena teorija privrednog rasta pokazala je da je za rast, pa time i uvećanje društvenog blagostanja najopasnija nejednakost tretmana, koja se svodi na neravnopravnost, budući da se takva nejednakost uslovljava znatnu alokativnu neefikasnost., The aim of the paper is to explore the relations between economic inequality and social welfare staring from the assumption that causality goes from economic inequality to social welfare. Standard methodological framework of economic science was enhanced with interpersonal function of individual welfare so the effects of economic inequality of the level of social welfare can be considered. It was demonstrated that there is no unequivocal theoretical conclusion and that differences in the preferences among people should be empirical considered for more insights. The analysis of the consequences of economic inequality to economic growth, i.e. dynamics of social welfare, demonstrated that there are numerous mechanisms of causality with the countervailing effects. The most important mechanism by which inequality speeds-up economic growth is based on the increased saving and invents rates, and the most important mechanism by which it slows-down growth is based on decreasing investments in human capital. Accordingly, there is no unequivocal theoretical conclusion also in this case. Nonetheless, modern growth theory has demonstrated that that the most dangerous economic growth is inequality of the treatment of economic agents, i.e. discrimination and exclusion, as that kind of inequality creates substantial allocative inefficiency.",
journal = "Anali Pravnog fakulteta u Beogradu",
title = "O ekonomskoj nejednakosti i društvenom blagostanju, On economic inequality and social welfare",
pages = "40-23",
number = "1",
volume = "63",
doi = "10.5937/AnaliPFB1501023B",
url = "conv_3232_6"
}
Begović, B.. (2015). O ekonomskoj nejednakosti i društvenom blagostanju. in Anali Pravnog fakulteta u Beogradu, 63(1), 23-40.
https://doi.org/10.5937/AnaliPFB1501023B
conv_3232_6
Begović B. O ekonomskoj nejednakosti i društvenom blagostanju. in Anali Pravnog fakulteta u Beogradu. 2015;63(1):23-40.
doi:10.5937/AnaliPFB1501023B
conv_3232_6 .
Begović, Boris, "O ekonomskoj nejednakosti i društvenom blagostanju" in Anali Pravnog fakulteta u Beogradu, 63, no. 1 (2015):23-40,
https://doi.org/10.5937/AnaliPFB1501023B .,
conv_3232_6 .

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