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"Silver spoon" effect found in world's most ancient economies.


Byline: ANI

Washington, October 30 (ANI): An international study as determined that the so-called "silver spoon" effect - in which wealth is passed down from one generation to another - is well established in some of the world's most ancient economies.

The study, coordinated by a UC (University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). ) Davis anthropologist, expands economists' conventional focus on material riches, and looks at various kinds of wealth, such as hunting success, food sharing partners, and kinship networks.

The team found that some kinds of wealth, like material possessions, are much more easily passed on than social networks or foraging abilities.

"Societies where material wealth is most valued are therefore the most unequal," said Monique Borgerhoff Mulder, the UC Davis anthropology professor who coordinated the study with economist Samuel Bowles Samuel Bowles may refer to:
  • Samuel Bowles (journalist)
  • Samuel Bowles (economist)
 of the Santa Fe Institute The Santa Fe Institute (SFI) is a non-profit research institute dedicated to the study of complex systems in Santa Fe, New Mexico. Overview
The Santa Fe Institute was founded in 1984 by George Cowan, David Pines, Stirling Colgate, Murray Gell-Mann, Nick Metropolis, Herb
.

The researchers also showed that levels of inequality are influenced both by the types of wealth important to a society and the governing rules and regulations.

For years, studies of economic inequality
For the economic inequality among nations, see international inequality.


Economic inequality refers to disparities in the distribution of economic assets and income.
 have been limited by a lack of data on all but contemporary, market-based societies.

To broaden the scope of that knowledge, Borgerhoff Mulder, Bowles and 24 other anthropologists, economists and statisticians Statisticians or people who made notable contributions to the theories of statistics, or related aspects of probability, or machine learning: A to E
  • Odd Olai Aalen (1947–)
  • Gottfried Achenwall (1719–1772)
  • Abraham Manie Adelstein (1916–1992)
 from more than a dozen institutions analyzed patterns of inherited wealth Noun 1. inherited wealth - wealth that is inherited rather than earned
wealth, wealthiness - the state of being rich and affluent; having a plentiful supply of material goods and money; "great wealth is not a sign of great intelligence"
 and economic inequality around the world.

The team included three others from UC Davis - economics professor Gregory Clark Gregory Clark disambiguation:
  • see Greg Clark (journalist), the same as Gregory Clark (Canadian author)
  • see Greg Clark (British M.P.)
  • see Gregory Clark (diplomat and economist) - A British-born Australian diplomat, a professor of economics and Vice President of the Akita
, anthropology professor Richard McElreath and Adrian Bell Adrian Bell (1901–1980) was an English journalist-farmer.

The son of a newspaper editor, he was born in London and educated at Uppingham School in Rutland. At the age of 19 he went off to the countryside in Hundon, Suffolk to learn about farming.
, a doctoral candidate in the Graduate Group in Ecology.

They focused not on nations, but on types of societies - hunter gatherers such as those found in Africa and South America; horticulturalists, or small, low-tech slash-and-burn farming communities typical of South America, Africa and Asia; pastoralists, the herders of East Africa and Central Asia; and land-owning farmers and peasants who use ploughs and were studied in India, pre-modern Europe and parts of Africa.

The study may offer some insight into the not-too-distant future.

"An interesting implication of this is that the Internet Age will not necessarily assure equality, despite the fact that its knowledge-based capital is quite difficult to restrict and less readily transmitted only from parents to offspring," Borgerhoff Mulder said.

"Whether the greater importance of networks and knowledge, together with the lesser importance of material wealth, will weaken the link between parental and next-generation wealth, and thus provide opportunities for a more egalitarian society, will depend on the institutions and norms prevailing in a society," she said. (ANI)

Copyright 2009 Asian News International The Asian News International (ANI) agency provides multimedia news to China and 50 bureaus in India. It covers virtually all of South Asia since its foundation and presently claims, on its official website, to be the leading South Asia-wide news agency.  (ANI) - All Rights Reserved.

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Publication:Asian News International
Date:Nov 1, 2009
Words:416
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