Posts Tagged ‘inequality’

  • The econlife.com Weekly Roundup

    Weekly Roundup: From Turkey to Buffalo

    Nov 29, 14 • 503 Views • No Comments

    This week's everyday economics include competition, oligopoly, marginal cost and benefit, GDP growth, unemployment, supply and demand, OPEC, redistribution....  [read more]

  • Tax Revenue

    Just Taxes

    May 20, 12 • 312 Views • No Comments

    What happens when a philosopher who believes in less government gets benefits from government? Here is the story: In a building that Love Story author Erich Segal owned, Harvard professor Robert Nozick (1938-2002), a libertarian philosopher, was a tenant....  [read more]

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    Street Smarts

    Apr 6, 12 • 288 Views • No Comments

    Through 2 stories, I learned how the design of a road can convey information about the people who live nearby. Here are the stories… Baltimore: Greenmount Avenue in East Baltimore separates Waverly whose median income is $40,000 from Guilford, a much...  [read more]

  • Ranking Surveys Typically Are Subjective and Have Unintended Consequences.

    Ranking Questions

    Dec 29, 11 • 253 Views • No Comments

    Ranking income distribution, the Organization for Economic Cooperation and Development (OECD) says that Denmark is one of the most equal countries the world while Mexico is one of the least. For overall well-being, Gallup selects Virginia, Wisconsin and New...  [read more]

  • Inequality Questions

    Oct 30, 11 • 298 Views • No Comments

    Astoundingly, the country in which we are born determines 60% of our income. And then, the next 20% relates to our parents’ affluence. Here are some answers to other interesting questions we never knew we wanted to ask. All are from The Haves and the...  [read more]