Category Archives: Inequality

It must be nice on Planet Davos (but for the rest of us, not so much)

In researching another project yesterday, I came across two articles about the economy that seemed to describe completely different realities. The first was by Joe Weisenthal of Business Insider, and described a general consensus among the great and good of … Continue reading

Posted in Finance and capital markets, Inequality, Labor | Leave a comment

On finance and inequality

From David Glasner, via Rajiv Sethi: Our current overblown financial sector is largely built on people hunting, scrounging, doing whatever they possibly can, to obtain any scrap of useful information — useful, that is for anticipating a price movement that … Continue reading

Posted in Decoupling, Finance and capital markets, Inequality | Leave a comment

Did anyone ask them?

It is impossible after reading Duflo and Banerjee’s Poor Economics to read reports about poverty and public policy without wondering whether anyone bothered asking the poor whether they were interested in the policy allegedly being enacted on their behalf. While … Continue reading

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Thank goodness that pesky recession is over

Nearly 15% of the U.S. population relied on food stamps in August, as the number of recipients hit 45.8 million. Food stamp rolls have risen 8.1% in the past year, the Department of Agriculture reported, though the pace of growth … Continue reading

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Thoma on reversing the economics of hope

This kind of writing makes me wish Mark Thoma wrote more on his already invaluable blog: It seems to me that the current crisis is, to a large extent, reversing the economics of hope. When workers look forward today, what … Continue reading

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The madness of Chancellor George

Apparently Osborne’s austerity program of “shared sacrifice” in the UK is not being greeted passively. From this morning’s Guardian: George Osborne’s austerity programme will cut the living standards of Britain’s families by more than 10% over the next three years … Continue reading

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The parametric welfare state

It occurred to me when working on the post below that Pareto distributions could also be a useful way of thinking about welfare state policies. This is fairly wonky, so if you’re not interested in the math digression then go … Continue reading

Posted in Inequality, Public finance | Leave a comment