Construct · 1 fields · 1 citations

Hirschman tunnel effect: a standalone construct

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Public choice

the early tolerance of rising inequality during development because others' gains signal one's own coming advance, which fades if the advance does not arrive.

In public choice, Hirschman tunnel effect refers to the early tolerance of rising inequality during development because others' gains signal one's own coming advance, which fades if the advance does not arrive. This meaning comes from Hirschman (1973) in The Quarterly Journal of Economics.[1]

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Nearby constructs

development1 fields · 2 citationsanchor · a standalone construct signal5 fields · 5 citationsjingle · one word, five constructs tolerance6 fields · 11 citationsjingle · one name, six constructs

References

Hirschman, A. O., & Rothschild, M. (1973). The Changing Tolerance for Income Inequality in the Course of Economic Development. The Quarterly Journal of Economics, 87(4), 544. https://doi.org/10.2307/1882024

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