Tag: inequality

Taking inequality seriously, and tackling it seriously

“The unprecedented increase in inequality has many adverse, even destructive, consequences. As we note in our letter, it ‘corrodes our politics, destroys trust, hamstrings our collective economic prosperity and weakens multilateralism’. It also hinders attempts to prevent climate breakdown and address the impacts of climate change. Indeed, none of the 17 UN Sustainable Development Goals (SDGs), adopted in 2015 for realisation by 2030, is likely to be achieved without a strong focus on reducing inequality.”

Some considerations concerning the letter to the UN S-G and the WB Chairman, by Jayathi Ghosh

Top economists call on UN and World Bank to end inequality

Gulf between rich and poor increases risk of climate breakdown as well as entrenches poverty, say Stiglitz, Ghosh, Piketty, Ortiz …

Top economists call for action on runaway global inequality | Inequality | The Guardian

EAPN’s Poverty Watch Report

Times of Inequality!


On the importance of trade unions

In Defense of Equality (without welfare economics)

Measurement of income inequality is like measurement of any natural or social phenomenon. We measure inequality as we measure temperature or height of people. The English (or welfarist) school believes that the measure of income inequality is only a proxy for a measure of a more fundamental phenomenon: inequality in welfare. The ultimate variable, according to them, that we want  to estimate is welfare (or even happiness) and how it is distributed. Income provides only an empirically feasible short-cut to it.

I would have been sympathetic to that approach if I knew how individual utility can be measured.

Read the article of Branko Milanovic

Inequality, once again…

The new Oxfam report on the growing gap between rich and poor

Survival of the Richest: How we must tax the super-rich now to fight inequality (oi-files-d8-prod.s3.eu-west-2.amazonaws.com)