Tags: wealth inequality
The Penny Game
May 6th, 2013
in Op Ed, syndication
This demonstration will work well in the classroom or barroom. There are five levels, the first is designed for someone who knows nothing about sector balances, each level adds a new variable and complexity. Level One You’ll need three rolls… more »
Stiglitz and Krugman Discuss Inequality and the Crisis
February 3rd, 2013
in Op Ed, syndication
by Dirk Ehnts, Econoblog101 In a recent back and forth, Paul Krugman and Joseph Stiglitz traded thoughts. Stiglitz went first, saying things like: There are four major reasons inequality is squelching our recovery. The most immediate is that our m… more »
It’s the Interest, Stupid! Why Bankers Rule the World
November 11th, 2012
in Op Ed
In the 2012 edition of Occupy Money released last week, Professor Margrit Kennedy writes that a stunning 35% to 40% of everything we buy goes to interest. This interest goes to bankers, financiers, and bondholders, who take a 35% to 40% cut of our GDP… more »
Trade-offs Between Inequality, Productivity, and Employment
October 28th, 2012
in Op Ed
by Steve Randy Waldman, Interfluidity I think there is a tradeoff between inequality and full employment that becomes exacerbated as technological productivity improves. This is driven by the fact that the marginal benefit humans gain from current con… more »
How to End the Crisis
September 17th, 2012
in Op Ed
by Marriner S. Eccles, New Economic Perspectives(via e-mail from Thorvald Grung, Central Bank of Norway) Marriner Eccles was Chairman of the Federal Reserve under President Franklin D. Roosevelt. This note consists of excerpts from an address he gave t… more »
