A popular story in macroeconomics and broad public economics is that of Okun’s leaky bucket (Okun 1975). This essentially states that we can think of redistributing income like using a leaky bucket to move water – where the loss of income associated with the loss of efficiency is the water that falls out of the bucket […]
Following on from last week … The fact we can’t fully understand the complexity of the individual implies that we cannot reduce social outcomes to the actions of individuals. Once again, remember that these are points for discussion – I am not saying I agree or disagree with them.
I enjoyed these two posts by Bill Kaye-Blake – one on inequality, and one on poverty. [Also add this recent post] I suggest you go give them a read if you haven’t already 😉 Note: Looks like this accidentally turned into a link post … Note this is good. Real good. The sheep analogy is one […]
Over at The Standard I noticed this defence of the recent living wage calculations from the two critiques that had popped up (which I linked to here). The key points seem to be: The living wage concept was being defined in a different way by critics – making the attacks a wee bit of a […]
I really like this rant by Will Wilkinson, it reminds me of the sort of thing I wish I could write when I’m annoyed. I’ll be honest, a lot of people out there talking about “let’s tackle inequality” aren’t actually interested in social justice, policy, the poor, or anything that matters – they are interested […]
I am currently writing up a few documents on slightly more technical ideas about income inequality. For each one I also plan to do a presentation, and attach the presentation slides to this site (along with the document). I delivered the first one a couple of weeks ago – however, as it wasn’t one that […]