Posts Tagged ‘middle class’

  • Economic Geography British Coastline Mandelbrot

    Income Inequality Questions

    Jan 3, 14 • 2582 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]

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    Why Are Most of Us Middle Class?

    Aug 28, 12 • 272 Views • No Comments

    “What then is the American, this new man?…He is an American, who, leaving behind him all his ancient prejudices and manners receives new ones from the new mode of life he has embraced, the new government he obeys, and the new rank he...  [read more]

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    Developing a Soda Habit

    Jul 26, 12 • 265 Views • No Comments

    Why do Brazilians drink Coca-Cola? Our story starts during 1990. Trying to cope with an 80% monthly inflation rate, Brazilian shoppers rushed to supermarkets early in the morning before higher price stickers replaced the old ones. In just one month, a $1...  [read more]

  • Our Transportation Infrastructure is Crumbling

    Cars and the Middle Class in Developing Nations

    May 26, 12 • 346 Views • No Comments

    What does it mean to be middle class? For a developing nation like China, income might be the key. If someone earns between $10 and $50 a day, then that person is middle class. Or perhaps you just need to be able to buy a tall macchiato at a Starbucks or a...  [read more]

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    Middle Class Questions

    Apr 23, 12 • 395 Views • 1 Comment

    If you have questions about Verizon and middle class income growth,  your conclusions might depend on the questions that you ask. My story begins with a disastrous call to Verizon Wireless. One agent left and never returned, three said they could not help...  [read more]