Monday, July 06, 2015

Income Inequality

Here are eleven charts that begin to show income disparity.

According to Mother Earth, 10% of the population controls 67% of the income in the United States.  As the cartoon suggests, those in the top 10% are able to influence the laws to favorably allow them to retain their wealth.  In economics, this is called rent seeking.

I became interested in income inequality after the release of Thomas Piketty's Capital.  I bought Joesph Stiglitz' book on inequality too.  Both of these books are wonderful, intense reads.




Sunday, June 07, 2015

MRUniversity: The Solow Model 1 – Introduction

MRUniversity: The Solow Model 1 – Introduction



This tutorial is from the authors of Marginal Revolution.  I have found that Tyler Cowen explains the Solow Growth model better than anyone else.

Monday, June 01, 2015

Fisher Effect

Write writing test questions on aggregate demand, I found this graphic.

Saturday, April 25, 2015

How Tax Burden Has Changed

From the NY Times
Most Americans paid less in taxes in 2010 than people with the same inflation-adjusted incomes paid in 1980, because of cuts in federal income taxes. At lower income levels, however, much of the savings was offset by increases in federal payroll taxes, state sales taxes and local property taxes. About half of households making less than $25,000 saved nothing at all.