Abstract
Elites are a necessary part of economic activity. It therefore matters how elites are recruited and howthey act. History is full of examples of elites that have acted well and also badly. Modern research has examined the training of elites, recruitment schemes and incentives for elites to discover howthey can be used to promote, rather than impede, economic growth. The literature has also emphasized the effect of elite interconnection and elite recruitment on social mobility; it has shown that the standardization of elite education over the years may lead to uniformity and the creation of a transnational oligarchy.
| Original language | English |
|---|---|
| Title of host publication | The New Palgrave Dictionary of Economics, Third Edition |
| Publisher | Palgrave Macmillan |
| Pages | 3590-3594 |
| Number of pages | 5 |
| ISBN (Electronic) | 9781349951895 |
| ISBN (Print) | 9781349951888 |
| DOIs | |
| State | Published - 1 Jan 2018 |
Bibliographical note
Publisher Copyright:© The Editor(s) (if applicable) and The Author(s) 2018.
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth -
SDG 10 Reduced Inequalities
Keywords
- Circulation of elites
- Class
- Corruption
- Cultural capital
- Economic growth
- Education
- Elites and economic outcomes
- Globalization
- Human capital
- Inequality
- Iron law of oligarchy
- Meritocracy
- Power elite
- Social capital
- Social mobility
- Symbolic capital
- Technical change
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