Tag Archives: inequality

Everyone Else is More Hypocritical than We Are

There has been some minor uproar in the UK Daily Telegraph today about Diana Carney, wife of the new Governor of the Bank of England over her views that are against inequality, bankers and conspicuous consumption. She is being denounced … Continue reading

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Some economists don’t get paid to know about the economy, but to justify the trickle-up of wealth.

Interesting piece from Dean Baker in today’s Real World Economics: http://rwer.wordpress.com/2012/11/03/inequality-the-silly-tales-economists-like-to-tell/ There is no serious dispute that the United States has seen a massive increase in inequality over the last three decades. However there is a major dispute over the … Continue reading

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The Self Destruction of the 1%

  Gianni Dagli Orti/Art Resource A painting of 17th-century Venice, with a view of the banks of the Grand Canal and the Doge’s Palace, by Leandro Bassano. There is an interesting article in the New York Times today by Chrystia … Continue reading

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Inequality and Economic Instability

I have always had the view that very unequal societies are inherently unstable: both politically and economically. And now here is of all things an IMF economist Michael Kumhof agreeing with me; sorry it’s a bit long but hey we … Continue reading

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Declining Honesty in Britain

One of the major factors in reducing societal conflict is trust and this is closely connected to societal standards of honesty. Globally, we know that societies where trust has broken down, especially trust between ethnic or religious groups, are much … Continue reading

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Injustice and the Persistence of Social Inequality

I am reading Daniel Dorling’s marvelous book ‘Injustice: Why Social Inequality Persists’. He lists five major reasons or attitudes of mind that exacerbate and magnify social inequality, and I list these below with my summary/commentary: Elitism is efficient. Human history … Continue reading

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Economic Growth

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Conflict and Social Dominance Theory

I have always found Social Dominance Theory, developed out of elite social theory, a dash of Marx and Gramsci and shaken well, interesting and useful. It was developed in the book of that name by Felicity Pratto and Jim Sidanius, … Continue reading

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The Ratio of CEO to Average Worker Pay Explained?

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Ratio of CEO to Average Worker Pay Clarification from D J Nash

My posting on the ratio of CEO to average worker pay produced this great clarification/added data from our correspondent D J Nash. Thanks D J! I, too, was asked for sources when posting this. Here’s what I responded with- I … Continue reading

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