• Table of Contents
    • Abstract
    • Keywords
    • Article
      • Elites’ interconnections
      • Economic consequences of the extent of interconnection
        • Inequality
        • Economic growth
      • Recruitment and training of elites
      • Economic consequences of the recruitment of elites
        • Social mobility in the economy
        • Economic growth
      • Conclusion
    • See Also
    • Bibliography
    • How to cite this article

elites and economic outcomes

Elise S. Brezis and Peter Temin
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by Steven N. Durlauf and Lawrence E. Blume
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Abstract

Elites are a necessary part of economic activity. It therefore matters how elites are recruited and how they 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 how they 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.
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Keywords

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Article

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How to cite this article

Brezis, Elise S. and Peter Temin. "elites and economic outcomes." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 20 July 2017 <http://www.dictionaryofeconomics.com/article?id=pde2008_E000263> doi:10.1057/9780230226203.0464

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