Individuals, and, for the most part, corporations, can largely ignore societal inequalities, at least in the short run, as long the overall economy is functioning at a relatively high level. Governments, rightly or wrongly, have to consider equality, inasmuch as a concentration of either wealth or poverty, when those become unbalanced enough, causes the natives to get restless... Of course, the methods used, and the degree to which governments intervene or not, has been, and will be, debated ad nauseum.
It's fair to say that our economy is free-market/capitalist, subject to government/societal
whims influences. Must be in a relative sweet spot, since pretty much everyone is po'd... :-P
Anyway, I'm rusty on both Adam Smith/Milton Friedman and Keynes/Stiglitz, but I think universities should discuss both ideologies, including real-world examples of the good, bad, and ugly of both...
Have Funds, Will Retire
...not doing anything of true substance...