Implications of income inequality. Does or should inequality matter? Why or why not?

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Implications of income inequality. Does or should inequality matter? Why or why not?
Project description
Discuss the relevance of inequalities from a Macroeconomics as well as Microeconomics point of view explaining the view of those economists who believe that inequalities have adverse effects on economic efficiency, social justice and political stability. Contrast this view with that of some other economists who believe that a degree of inequalities is a necessary and inevitable consequence of the working of free markets.
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