Showing posts with label marginal utility. Show all posts
Showing posts with label marginal utility. Show all posts

Friday, July 22, 2016

Branko Milanovic — In defense of equality (without welfare economics)


Important in the current debate about policy, political economy and politics with respect to the rising significance of economic (income and wealth) distribution.

Global Inequality
In defense of equality (without welfare economics)
Branko Milanovic | Visiting Presidential Professor at City University of New York Graduate Center and senior scholar at the Luxembourg Income Study (LIS), and formerly lead economist in the World Bank's research department and senior associate at Carnegie Endowment for International Peace

Tuesday, August 21, 2012

Steve Roth _ The Luddite Fallacy Fallacy

I think the Luddite Fallacy argument ignores two things:
1. The limits to human capabilities. By definition, 50% of people have an IQ below 100.
2.The declining marginal utility of innovation and consumption.
Asymptosis
The Luddite Fallacy Fallacy
Steve Roth