I’ve been thinking about what explains this cyclical trends in search for the term “inequality” in Google. As you can search for inequality has been rising since sometime around 2011 but it fluctuates between peaking in November/December and a troughing in July of each year. Is it because of seasonal ups-and-downs in Google search in general?
Milton Friedman once said that “a theory is the way we perceive ‘facts,’ and we cannot perceive ‘facts’ without a theory.” This is rarely a new topic in the philosophy of science, however the debate around use of theory in economics is still an ongoing one. In the book, Economics Rules, Dani Rodrik scrutinizes such… Continue reading
A relatively old but interesting paper by Daniel Matthew Custance Lawson of University of Notre Dame on economic theory through Gary Becker’s lens. “A well-defined quest is a rarity on its own, but the scope of the quest increases the scale of the drama; a quest to kill a fly in the kitchen has far less appeal than… Continue reading
It is hard to estimate the economic impacts of lifting sanctions on Iran imposed by the West (EU and US) and the United Nations Security Council. However, in an interesting report by the World Bank, analysts conjecture the economic outlook of the country after sanctions are fully removed. Oil prices will drop even more (by about $10) which… Continue reading
One interesting aspect of the educational system in the United States is that states are autonomous with regards to how they want their public schools to be funded. However, the federal government provides supplementary assistance to the states and schools (the federal K-12 support began with the enactment of the Elementary and Secondary Education Act… Continue reading
The Iranian census called the Statistical Center of Iran (SCI) has been releasing household surveys that cover a wide range of variables including income, education, expenditure, etc. (Read Djavad Salehi-Isfahani’s post about the dataset). There have been some efforts to use the dataset to infer about the state of income inequality in Iran. However, like any other… Continue reading
This Blog post originally appeared in Mic.com on January 11, 2013. Liberals and socialists might not like the arguments presented in the University of Chicago economist Casey Mulligans’s recent book, The Redistribution Recession. In his book, he argues that increases in the benefits available to unemployed workers explains to some extent the depth of the recession that… Continue reading