The Consequences of Extreme Inequality

In 1912, Italian statistician Corrado Gini introduced a concept (which came to take his name) called the Gini Coefficient. The coefficient, which is a measure of statistical dispersion, is used primarily to measure the level of economic inequality, such as income, wealth, and consumption inequality. This coefficient is calculated by subtracting from cumulative income in … Continue reading The Consequences of Extreme Inequality

Social Capital and Public Policy

Progressives and social democrats in America have espoused the virtues of comprehensive social insurance, universal healthcare, universal college, universal housing, among other things. I believe generally liberals and socialist have two different core reasons for their support of public programs like these, and I'd like to discuss my views and approach to public policy with … Continue reading Social Capital and Public Policy