Income inequality has been a dominant topic of debate in recent months and will likely influence the coming presidential race. A common argument advanced by fans of inequality economist Thomas Piketty ...

I often start the first-year managerial economics classes I teach by showing a graph to my MBA students (see below). It shows that in 1951, middle-income Indians (from the middle 40 th percentile, ...

The inequality will be solved when \({m}\) is isolated on one side of the inequality. This can be done by using inverse operations on each stage of the sum. The final answer is ...

The most potent ‘solutions’ for inequality are unpleasant. Tight labor markets shrink income inequality by causing employers to bid up the price of scarce labor, so policymakers fretting about income ...

The absurdity of eight billionaires owning as much wealth as the poorest 50 per cent of the world’s population has only been overtaken by the news that the top 1 per cent managed to take 82 per cent ...