The Beauty of Ivy: When Inequality Meets Equality

Julia Puaschunder
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Abstract

Thomas Piketty’s (2014) Capital in the 21 st Century revolutionized economic thoughts on inequality. Started by the 2008/09 World Financial Crisis and cumulated in the subsequent Occupy movement, attention to rising inequality regarding economic wage, opportunity and wealth led to advocacy for a more equal society. Innovatively, this article argues for a mixture of equality and inequality within a societal network holding value when access to opportunities to transfer implicit wealth is distributed merit-based. By the example of Ivy League educational institutions, but also elaborating on social environments and interaction networks, a novel economic wealth transfer model is proposed. Within an economic system, dyads of unequal crystallized value based on heritage (e.g., royal families, legacy admits) and merit-based equality represented by offspring from families with underprivileged backgrounds, whose outperforming ambition, fluid intelligence and drive may lead to fruitful social interactions and beneficial wealth transfers, may create beneficial economic outcomes. On the societal level, within networks favorable environments may serve as transformation hubs if entered merit-based by underprivileged families.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Julia Puaschunder. 2016. "The Beauty of Ivy: When Inequality Meets Equality". Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 16 (GJMBR Volume 16 Issue B3).

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords
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Classification
GJMBR-B Classification JEL Code: O10
  • Submission ReceivedDecember 8, 2015
  • Peer Review Double Blind
    Handling Editor
  • Accepted January 2, 2016
  • Published January 15, 2016
Version of record

v1.2

Issue date
April 6, 2016

Language
English
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The Beauty of Ivy: When Inequality Meets Equality

Julia Puaschunder
Julia Puaschunder The New School Department of Economics
  • Submission ReceivedDecember 8, 2015
  • Peer Review Double Blind
    Handling Editor
  • Accepted January 2, 2016
  • Published January 15, 2016