Blog
As many people are aware, MIT has the excellent Jameel Poverty Action Lab (J-PAL), headed by economists Esther Duflo and Abhijit Bannerjee, among others (http://www.povertyactionlab.org/). As they say on their About page, they have become "a global...
What is “the problem of the super-rich”?
Put simply, it is the inequality r > g.
Thomas Piketty’s blockbuster book “Capital in the 21st Century” identifies this relationship, r > g, as the fundamental driving force in income inequality. The details are important, but let...
H.O.P.E. Higher Order Profit Evaluation.
The acronym is a joke, but the idea is serious.
Our political economic system is sadly off track. We have a sense of the problems facing the world today -- climate change, jobs, immigration reform, widespread discrimination -- and an...
We've heard about "teachable moments." What about "teachable objects"? Enter the BAL'N Vending Machine.
While reading Piketty (2013), I have been struck by how little I understood about the level of income inequality in the world today. In fact, I'm still trying to get my head around...