Tag Archives: economic inequality

The Great Gatsby Curve: Inequality and Social Mobility by Country

An interesting graphic from Bloomberg Business Week:

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Piketty in a Page: Capital in the 21st Century by Thomas Piketty File Compression

Given Thomas Piketty’s fine and best selling economics book Capital in the 21st Century is long and many have struggled to read it, after reading it myself last summer, and at the request of friends who didn’t, I created a … Continue reading

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Effective Remedies for Thomas Piketty’s Inequality

Now that the US has been officially declared an oligarchy aka rule by the few, and also there is huge interest in Thomas Piketty’s book Capital in the 21st Century, we need to start thinking about solutions. I thought this … Continue reading

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The Real Free Riders: the Neo-Feudal Rich

One of the interesting problems in economics and indeed in conflict, is the problem of free riders, those who exploit the economic system in their own self interest at the expense of everyone else. The Republicans think that the free … Continue reading

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The Consequences of Increasing Inequality by Tim Harford

Good piece in the UK Financial Times  (not exactly a bastion of socialism)today by Tim Harford on inequality http://www.ft.com/intl/cms/s/0/4dc7ab46-0424-11e3-a8d6-00144feab7de.html#axzz2c45uKJas   The more unequal a society, the greater the incentive  for the rich to pull up the ladder behind them When the … Continue reading

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Economic Inequality Map

  Perhaps the best map of all from the Washington Post series: shows what company the US keeps in its economic inequality: Russia, China, poor countries in Africa and South America, though Brazil and South Africa are even more unequal. … Continue reading

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Free Market Fundamentalism: Top Ten Failings

Like any fundamentalism, Free Market Fundamentalism is necessarily involved in a profound denial of many aspects of reality. What is worse for us all, is that since around 1980 we have been all involved in a massive experiment to see … Continue reading

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The Rich, the Camel and the Eye of the Needle

I liked this piece from Susan Feiner in today’s Real World Economics, a great source of reality based economics that is trying to undo the Chicago School madness of recent decades. See http://rwer.wordpress.com/2012/07/17/and-the-rich-get-richer/ A camel and a rich man walked into … Continue reading

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Social Power and Morality by Michael Lewis via Dan Ariely

I like the work of Dan Ariely and also of Michael Lewis and so this story really appealed to me as it shows in a social psychology experiment how our self appointed elite feels entitled to simply take a disproportionate … Continue reading

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The Chart that Scares the 1% the Most by Tyler Durden

I really liked this article and chart by Tyler Durden from Real World Economics at http://rwer.wordpress.com/2012/06/21/the-chart-that-scares-the-1-the-most/ It shows the correlation between the economy and how many people have to be put in jail to keep a lid on things in … Continue reading

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