Tag Archives: income inequality

I found this interesting.  Mr. Giridharadas was invited to discuss his perspective regarding his themes of his book Winners take all.  He was invited by the Dutch Parliament’s Finance Committee to discuss his book.  All 6 parties showed up.  All had been given the book prior and several had read it.   This is a link to the entire 1.5 hour presentation via Youtube. One of his points that I found most interesting was at 7:13 of the discussion, during his...

Did you hear the joke about the economists who tested their theory by defining it to be true? Oh, I forgot. It’s not a joke. It’s standard practice among mainstream economists. They propose that productivity explains income. And then they ‘test’ this idea by defining productivity in terms of income. In this post, I’m going to show you this circular logic. Then I’ll show you what productivity differences look like when productivity is measure objectively. They’re far too small to explain...

I’ve been on the beat of income inequality since I started blogging here.  My theory: We changed the way we make money from one of making it from producing (polishing rocks into tools) to one of making money from money.  When you can make money from moving money, you don’t need to compete.  Just buy back your stock, just collect rents, just get your tax cuts. The World Bank has a new report out on Inequality 2018.   I want to direct you to a chart that...

Now that Andrew Yang has made it into the first debate by meeting the fundraising threshold, and being on Morning Joe this morning,  it is time to post this interview of him via Freakonomics. I was impressed by his thought approach.  He is the first person who is talking about the economy as a ecosystem of society.  That is, it’s not just about making money.  He does not come out and say it as I would but I think he is thinking about a question I have...

[unable to retrieve full-text content]What The Brady Bunch Can Tell Us About Housing Market Dynamics: These comparisons ended up being way more interesting than I had anticipated…

[unable to retrieve full-text content]What The Brady Bunch Can Tell Us About Housing Market Dynamics: These comparisons ended up being way more interesting than I had anticipated…

[unable to retrieve full-text content]Not to alarm you, but here’s a headline that’s been popping up a bunch:: Forgive me, I forgot a title and can’t seem to take back my error…anyway, here’s some reading about the dangers of bad math as it pertains to housing affordability…the upside is that consequences for low-wage workers are less dire than a recent analysis suggests.

Forgive me, I forgot a title and can’t seem to take back my error…anyway, here’s some reading about the dangers of bad math as it pertains to housing affordability…the upside is that consequences for low-wage workers are less dire than a recent analysis suggests.

Originally published on 17 October 2017 at Vox By Federica Liberini, Andrew Oswald, Eugenio Proto, Michela Redoano There is a very wide debate on the determinants of the vote by British citizens to leave the EU. In particular, the idea that this vote reflects discontent and disillusionment has been widely discussed in the UK and European media. Furthermore, large numbers of newspaper and TV...

[unable to retrieve full-text content]Why Do People Hate “Price Gouging” So Much? Economists, Take Note…: At least I chose a good image for my article this time. =P