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  • Essay / Balancing economic roles: a perspective on the distribution of wealth

    The argument raised by this policy is that everyone can improve their lives through their daily activities and the choices they make, particularly on the liberal market, where you are allowed to choose what you want or don't want. People can decide what type of job they want to do or what business they think they are capable of doing. It is the skill of the people that will keep them in the market or surpass them. Because Phelps believes that the poor will be disadvantaged for this reason, he suggests the model that favors the poor in the area of ​​employment. If this is to be adopted, trade cannot make everyone better off, because some people will not be able to do what they can.