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There’s a great article by Malcolm Gladwell on Grantland entitled “The Nets and NBA Economics” that I had to share. Here’s an excerpt that really struck me: “One of the great forgotten facts about the United States is that not very long ago the wealthy weren’t all that wealthy. Up until the 1960s, the gap … Continue reading
According to Tyler Cowen (general director of the Mercatus Center at George Mason University, and coauthor of the Economics blog marginal revolution), “most of the worries about income inequality are bogus”. That is the thesis of his recent article, “The Inequality That Matters”, in which Professor Cowen argues that much of the recent fervour about the growing gap between the haves … Continue reading
Back in November, I wrote a short piece entitled “How did we get here?” in which I discussed the increasingly hostile and vitriolic nature of the rhetoric in today’s political environment. I observed that the battle cries from both extremes of the political divide were drowning out the civil political dialogue, and that the blogosphere and … Continue reading
Luminarium 