ABSTRACT
This chapter consists of four parts. The first part looks at the origin of inequality using historical perspectives that look at society, politics, and the economy. Inequality is defined in generalized terms and according to specific discipline in the light of economic and political theories. In the second part, we look at what causes inequality, and how inequality has been persistent for centuries given multidisciplinary factors. In the third part, we discuss the relation of inequality with various sectors of the economy and factors which determine the strength of inequality. We look at stakeholders, the role of governments, and behavior of the free market for not realizing the problems caused by inequality in the society. In the last part, we look at how fast-paced technological development will shape inequality and our future socio-economic life.
