Posts Tagged ‘Benoit Mandelbrot’

  • The ROI From College

    Human Capital: The Cost of College

    Aug 24, 13 • 317 Views • No Comments

    Explaining his proposal to make colleges more “accountable and affordable,” President Obama said we need some criteria to rate schools. Why? Measures that would include tuition, graduation numbers, and the proportion of enrolled lower income...  [read more]

  • Income Mobility: Location Matters

    Jul 23, 13 • 252 Views • No Comments

    Reading about US income mobility, I recalled what fractal mathematician Benoit Mandelbrot said about the British coastline. While from a distance it will appear straight, the closer you look, the more you see its indents and zigzags. Consequently, Dr....  [read more]

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    Are the Rich Getting Richer?

    Jun 30, 11 • 218 Views • No Comments

    Their conclusion was clear. A recent Federal Reserve study tells us that the rich are getting richer. A closer look, though, reveals it is a lot more complicated. We need to be aware of two issues. How should we define income and wealth? Calculating income,...  [read more]

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    How Many People Are Hungry?

    Jun 7, 11 • 176 Views • No Comments

    The UN says that the problem is 1 billion hungry people. Columbia University scholar Jeffrey Sachs explains that the solution is foreign aid that attacks the “poverty trap.” Then, markets can develop and people can become more productive. By...  [read more]

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    Bikes-For-Hire and the British Coastline

    Mar 8, 11 • 234 Views • No Comments

    London’s new bikes-for-hire program is about more than bikes. Launched this summer, the program had to solve a mismatch between supply and demand. In certain places there were too few bikes for the number of people who wanted them. In other spots, the...  [read more]