Institutions, power, and inequality
Materials for class on Thursday, October 24, 2019
Contents
Slides
Download the slides from today’s class.
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
Country C1 (the poorest at the beginning) ended up outperforming all other groups due to their institutional arrangments and deals with other countries.
| Country | Total earnings | % of world earnings |
|---|---|---|
| C1 | $12,450 | 39.1% |
| A2 | $9,900 | 31.1% |
| B1 | $6,100 | 19.2% |
| A1 | $3,400 | 10.7% |
Gini coefficient
This distribution of wealth created a fairly equal society, with a Gini coefficient of 0.24.
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.