consumption

Varieties of Inequality

February 25, 2013

I can think of at least six kinds of inequality: [caption id=”attachment_3117″ align=”alignright” width=”300″] Hefei, Anhui province in China (Photo by Jianan Lu.)[/caption] Inequality of income: different people receive different wages, either for different jobs or for the same job, as profits from capital investments, or as government subsidies, transfer payments, or private charity. Inequality…

Season of Political Irrelevance Update

August 15, 2012

The Obama administration brews its own beer Weigel takes a stab at serious policy Weigel has predicated a lot on the conditional statement: “If you look at it right, then you’ll see serious policy.” But we don’t have any evidence for the antecedent, that the public or the media *will* “look at it right.” More to…