Economy and Inequality

1. What is the purpose of an economy? Does our economy serve that purpose now?

2. Reich says, “The question is not inequality per se; the question is, when does inequality become problem? ” In your own words, when do you think inequality becomes a problem?

3. Per Blau, what are the key features of the U.S. political economy? How do they contribute to the need for a functioning social welfare system?