Posts Tagged ‘Benoit Mandelbrot’

  • Economic Geography British Coastline Mandelbrot

    Income Inequality Questions

    Jan 3, 14 • 2617 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 • 346 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 • 290 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 • 248 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 • 202 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]