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Distinguishing between an explanatory and a normative interest in social stratification, this paper considers the relation between class analysis and the value of equality. Starting from the familiar distinction between (in) equality of position and (in) equality of opportunity, and noting the extent to which mobility research focuses on the latter, it suggests that class positions can themselves be characterized in terms of the opportunities they yield to those occupying them. This enables the clear identification of the kinds of inequality that are and are not addressed by research findings presented in terms of class categories and odds ratios. The significance of those findings from a normative perspective is then discussed, and their limitations are emphasized - though the paper also explains in what ways they are indeed of normative relevance. [ABSTRACT FROM AUTHOR]

This paper develops a model of intergenerational mobility and intragenerational inequality that allows us to explore the relationship between economic growth and social mobility. The model is used to analyse the neo-liberal theory of stratification and to assess the consequences of some of the criticisms that have been made of it. In particular, the intergenerational transmission of wealth and privilege, and the existence of ethnic, gender and other forms of ascriptive disadvantage, reduce economic efficiency, although they do not always diminish the extent of social mobility. Furthermore, excessive intragenerational inequality may inhibit, rather than encourage, economic growth. We show that there is no necessary link between rates of social mobility and levels of economic growth. This, we suggest, provides an explanation of why rates of social mobility show very little cross-national variation and display no very evident trend over time towards greater societal openness. [ABSTRACT FROM AUTHOR]