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Utility, welfare, and efficiency

  1. Welfare economics: an introduction
  2. The perils of Potential Pareto
  3. Inequality, production, and technology
  4. Welfare theorems, distribution priority, and market clearing
  5. Normative is performative, not positive

posted by kliuless on Jul 7, 2014 - 7 comments

Harmonized data sets with varying sample sizes....

The American Middle Class Is No Longer the World’s Richest. The American middle class, long the most affluent in the world, has lost that distinction. Comparing income by country. About the data.
posted by blue_beetle on Apr 23, 2014 - 38 comments

How Obama's tech team saved his presidency a second time

Inside the Nightmare Launch of HealthCare.Gov - "Unknown to a nation following the fiasco, McDonough's assignment from the President had boiled down to something more dire than how to fix the site. As the chief of staff remembers his mission, it was 'Can it be patched and improved to work, or does it need to be scrapped to start over? He wanted to know if this thing is salvageable.' Yes, on Oct. 17, the President was thinking of scrapping the whole thing and starting over." (previously) [more inside]
posted by kliuless on Mar 3, 2014 - 120 comments

Do white people have a future in South Africa?

"In the past inequality in South Africa was largely defined along race lines. It has become increasingly defined by inequality within population groups as the gap between rich and poor within each group has increased substantially." Is this what's led the BBC to report a growing sense of insecurity among poor (chiefly Afrikaans-speaking) whites? Or are they just blatantly misreading the statistics? [more inside]
posted by theweasel on May 20, 2013 - 21 comments

Inequality and the New York subway

Inequality and the New York subway. An infographic from the New Yorker: The United States has a problem with income inequality. And it’s particularly bad in New York City—according to recent data from the U.S. Census Bureau, if the borough of Manhattan were a country, the income gap between the richest twenty per cent and the poorest twenty per cent would be on par with countries like Sierra Leone, Namibia, and Lesotho.
posted by nickyskye on Apr 16, 2013 - 69 comments

Greenbacks

Last week, I wrote about how urban trees—or the lack thereof—can reveal income inequality. After writing that article, I was curious, could I actually see income inequality from space? It turned out to be easier than I expected.
posted by infini on Jun 1, 2012 - 43 comments

TED: Yes to "Drying your Hands," No to "Income Inequality."

"I can say with confidence that rich people don't create jobs, nor do businesses, large or small," said über-rich venture capitalist Nick Hanauer in a March 1st TEDx talk, which TED is refusing to put on its website. [more inside]
posted by blazingunicorn on May 16, 2012 - 98 comments

Get Rid of Employment and Education Directive

A modest proposal to get rid of income inequality in America: just give every household a $10 million dollar loan.
posted by falameufilho on Apr 13, 2012 - 129 comments

Fertile ground for demagogues

Robert Reich talks at Google about the biggest problem facing the US economy. [SLYT, 57min]
posted by knave on Sep 1, 2011 - 98 comments

Outliers

The World Top Incomes Database (click on "Graphics" and select countries, years and other variables) (via)
posted by vidur on Jun 7, 2011 - 5 comments

Tax Facts Hardly Anyone Knows

9 Things The Rich Don't Want You To Know About Taxes - "4. Many of the very richest pay no current income taxes at all: Paulson made himself $9 billion in fees in just two years. His current tax bill on that $9 billion? Zero... 9. Other countries do it better: no one in Germany or the rest of the modern world goes broke because of accident or illness" (via) [more inside]
posted by kliuless on Apr 18, 2011 - 191 comments

entrepreneurial paradise

In Norway, Start-ups Say Ja to Socialism - We venture to the very heart of the hell that is Scandinavian socialism—and find out that it's not so bad. Pricey, yes, but a good place to start and run a company. What exactly does that suggest about the link between taxes and entrepreneurship?
posted by kliuless on Jan 20, 2011 - 52 comments

Why value the donations of rich people more than those of the poor?

How Private Is 'Private Charity'? Private charity may be more accurately described as "private donations coupled with involuntary, tax-financed public subsidies." And it's not fair: "very low-income people paying only payroll taxes get hardly any leverage for their donations. Very high-income people in states with high income-tax rates – such as New Jersey and New York – can through the tax code virtually double the money funneled to a charity per dollar of their own sacrifice." (previously)
posted by kliuless on Jan 17, 2011 - 39 comments

It is the map that engenders the territory

Radical Cartography has made a lot more maps since greasy_skillet posted it in 2005, including maps showing housing prices and segregation of all kinds in New York, Chicago, DC and elsewhere, counties named for Presidents, the night sky, the US in agriculture, the US as projected to other spots on the globe, and a physical atlas of the world.
posted by l33tpolicywonk on Aug 26, 2010 - 4 comments

mad as hell

Dylan Ratigan's Howard Beale Moment (via se) [more inside]
posted by kliuless on Jul 19, 2010 - 35 comments

Better Than We Thought

"The conventional wisdom that Africa is not reducing poverty is wrong." [PDF, 339.97 KB] [more inside]
posted by SpringAquifer on Mar 2, 2010 - 21 comments

Treasury: Income Mobility Substantial. Pew: But Not Enough.

A new U.S. Treasury Report (press release) reports that tax returns from 1996 to 2005 show that income mobility in the U.S. is "considerable," with rising earnings, and top earners who often stumble. The WSJ crows. Pew releases its own research (reports, press release) on income inequality today with a multi-decade outlook, but summarizes the findings as that American families' income mobility is still highly dependent on their parents' position. Forbes and a The New Republic blog try to reconcile the reports. Meanwhile, blacks appear to be downwardly mobile.
posted by shivohum on Nov 13, 2007 - 45 comments

Mind the Gap

Mind the Gap: an essay by Paul Graham on wealth, riches, poverty, and why income inequality might not be so bad. [more inside]
posted by hoverboards don't work on water on Oct 11, 2007 - 139 comments

Mind the gap. Wait, nevermind.

Income inequality continues to rise. Or maybe not.

Professors Emmanuel Saez and Thomas Piketty and the Cato Institute's Alan Reynolds debate on how to measure[PDF] income inequality. Despite the ongoing debate, President Bush has decided, "The fact is that income inequality is real; it's been rising for more than 25 years."
posted by peeedro on Mar 30, 2007 - 81 comments

Slouching towards Sierra Leone?

US income distribution moves towards 3rd world profile? - US Census Bureau data on growing family income inequality, 1947 to 2001. Also see: The "L Curve" (for a graphic depiction of current US wealth distribution). "The most egalitarian countries have a Gini index in the 20s. European countries like Germany, Austria, Belgium, Hungary, Poland, Norway, and Sweden all fall in that range, according to World Bank figures. Canada and Australia are just over 30. The United States is around 40...Once inequality reaches 50 percent, disparities become glaringly obvious, to the point where they undermine a society's sense of unity and common purpose....Sierra Leone takes the prize. At 63 percent, it offers the world's most extreme example of inequality." By multiple measures, income inequality in the US is rapidly increasing, and a substantial percentage of middle class Americans may be gradually sliding into poverty..
posted by troutfishing on Jan 15, 2003 - 137 comments

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