What is Matthew Effect? From A Business Professor

Описание: The Matthew Effect, sometimes referred to as the "Matthew Principle," is a concept in sociology and economics that is often summarized by the phrase "the rich get richer and the poor get poorer." The term comes from the Bible, specifically in reference to a passage from the book of Matthew, chapter 25, verses 29-30: "For to everyone who has, more will be given, and he will have an abundance. But from the one who has not, even what he has will be taken away." The Matthew Effect has been widely recognized and applied in various fields, including sociology, economics, education, and business, to explain the dynamics of inequality and cumulative advantage.