Archive for the ‘Inequality’ Category

Cash Transfers and Inequality

Cash Transfers and Inequality

By The Banker | Inequality, Uncategorized

Markets work great, if the goal is to 1. Maximize total output; 2. Encourage innovation; 3. Reward maximum effort; 4. Reward talent; and 5. Use resources most efficiently. As a result, limiting markets tends to impair one of more of the above, valuable, outcomes. Also, non-market solutions to problems often produce sub-optimal results in one or more [&hellip

Missing the point, over at the NYTimes

Missing the point, over at the NYTimes

By The Banker | Blog Posts, Inequality

James Stewart writes an interesting piece this morning on a 55 year old NYC attorney who recently declared bankruptcy, after earning in the $375-500K range for the past 20 years for a series of high-powered New York law firms. Stewart’s analysis is that: 1. Being a non-equity partner attorney is tough these days, and 2. [&hellip

TED Talk on Inequality - Insights from Rigged Monopoly Games

TED Talk on Inequality – Insights from Rigged Monopoly Games

By The Banker | Audio Posts, Inequality, Video, Wall Street

Definitely worth watching this. Social scientists rigged a Monopoly game to see how people’s behavior changes with changes in socioeconomic status.  And they tested other games to study the effects of money on things like empathy.  You may not be surprised, but you will be interested.     Please see related post on Monopoly and [&hellip

David Simon Says It All

David Simon Says It All

By The Banker | Blog Posts, Inequality

David Simon, creator of The Wire, wrote the best piece I’ve read in a long time about inequality in the West, and our impoverished political dialogue about it. Please read this in full because  Simon engages with complexity, and that doesn’t work in just one paragraph.  Nevertheless, I will summarize it for you:  “Capitalism is [&hellip

Inequality in America - The Map

Inequality in America – The Map

By The Banker | Blog Posts, Inequality, Texas

The Washington Post published this last month and I missed it, but there’s no time like today for good graphical representations of inequality.  The Washington Post  ranks zip codes from the 1st to 99th percentile based on the average income and college education of residents, relative to all other US zip codes. A few fascinating [&hellip