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What came first, the chicken or the egg?

Published online by Cambridge University Press:  20 November 2019

Lionel Artige
Affiliation:
Department of Economics, University of Liège, 4000 Liège, Belgiumlionel.artige@uliege.belvn@uliege.behttps://www.researchgate.net/profile/Lionel_Artigehttps://www.researchgate.net/profile/Leif_Neuss
Todd Lubart
Affiliation:
University of Paris Descartes, 92100 Boulogne Billancourt Cedex, France. Todd.lubart@parisdescartes.frhttps://www.researchgate.net/profile/
Leif van Neuss
Affiliation:
Department of Economics, University of Liège, 4000 Liège, Belgiumlionel.artige@uliege.belvn@uliege.behttps://www.researchgate.net/profile/Lionel_Artigehttps://www.researchgate.net/profile/Leif_Neuss

Abstract

Current empirical evidence does not seem to confirm that an improvement in living conditions is the cause of the shift in the human mindset toward innovation and long-term risky investment. However, it may well be one of the conditions for greater tolerance of income inequality in exchange for a steady increase in average income.

Type
Open Peer Commentary
Copyright
Copyright © Cambridge University Press 2019 

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