Posts Tagged ‘Benoit Mandelbrot’

  • Weekly roundup and the living w, minimum wage and paycheck

    Surprising Hand-To-Mouth Households

    May 4, 14 • 1212 Views • No Comments

    Close to one third of all households (38 million) in the US live hand-to-mouth. Like me, perhaps you have always assumed that a hand-to-mouth (HtM) household is low income. Spending all disposable income each week, the hand-to-mouth household is unable to......  [read more]

  • Housing bubble and elasticity and factal math

    A New Cause of the Housing Bubble

    Feb 28, 14 • 1427 Views • No Comments

    In the 663 page report from the Financial Crisis Inquiry Commission (remember them???), the 2000-2011 real estate boom and bust is blamed on relatively predictable conditions. Just glancing at their chapter titles and conclusions, you can see that they blame......  [read more]

  • Economic Geography British Coastline Mandelbrot

    Income Inequality Questions

    Jan 3, 14 • 3560 Views • No Comments

    Seeing economists Emmanuel Saez and Thomas Piketty’s favorite graph of the year at Ezra Klein’s Wonkblog, I thought of Benoit Mandelbrot. The father of fractal geometry, Dr. Mandelbrot told us that the closer you look, the more you see. From a......  [read more]

  • The ROI From College

    Human Capital: The Cost of College

    Aug 24, 13 • 696 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 • 600 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]