Robin Hood Robin Hood Robin Hood is a legendary heroic outlaw originally depicted in English folklore and subsequently featured in literature and film. According to legend, he was a highly skilled archer and swordsman. In some versions of the legend, he is depicted as being of noble birth, and having fought in the Crusades before returning to England to find his lands taken by the Sheriff. In other versions this is not the case and he is instead born into the yeoman class. Traditionally depicted dressed in Lincoln green, he is said to have robbed from the rich and given to the
Robin Hood effect Robin Hood effect The Robin Hood effect is an economic occurrence where income is redistributed so that economic inequality is reduced. The effect is named after Robin Hood, said to have stolen from the rich to give to the poor. A Robin Hood effect can be caused by a large number of different policies or economic decisions, not all of which are specifically aimed at reducing inequality. This article lists only some of these. Simon Kuznets argued that one major factor behind levels of economic inequality is the stage of economic development of a country. Kuznets described a curve-like relationship