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Income Inequality

Income Inequality

Angus Deaton: Today’s Inequalities Are Signs That Democratic Capitalism Is Under Threat

Angus Deaton
At the launch of the IFS Deaton Review, a 5-year review of rising inequalities in the UK, Sir Angus Deaton decried extreme inequality and the...
Income Inequality

Basic Income as a Policy Lever: Can UBI Reduce Crime?

Richard Dorsett
What would the effect of a universal basic income be on crime? A new study looks into Alaska’s Permanent Fund Dividend and suggests that...
Income Inequality

The Real “China Shock”: Political Fallout from Slowing Exports in China

Filipe Campante
As China’s export growth has slowed down over the past five years, workers have responded by taking to the streets with increasing frequency. The...
Income Inequality

Do the Sons of Rich Families Recover After a Large Wealth Shock? Evidence From the US Civil War

Philipp Ager
One striking feature of many underdeveloped societies is that economic power is concentrated in the hands of very small powerful elites. Why is it...
Antitrust and Competition

When American Capitalism Meant Equality

Matt Stoller
Americans used to have a relatively egalitarian view of markets. How did they come to accept extreme inequality as an innate part of their...
Income Inequality

Wealth Inequality in America: A Race Between the Stock and the Housing Market

Moritz Kuhn
Booming stock markets and the collapse of house prices in the aftermath of the 2008 financial crisis have increased wealth inequality in the US...
Academic Capture

“Economics Now Points Away From the Laissez-Faire Approach”

Asher Schechter
Columbia professor Suresh Naidu on Economics for Inclusive Prosperity, the new initiative he launched with Dani Rodrik and Gabriel Zucman, and why he believes...
Income Inequality

Watch: Raghuram Rajan on How Markets and States Leave Communities Behind

ProMarket writers
In a recent Stigler Center conversation with Luigi Zingales, Rajan talked about his new book The Third Pillar and explained why today’s populists “are...
Income Inequality

The Costs of Trump’s Import Tariffs Have Landed Entirely on US Citizens

David E. Weinstein
US importers and consumers experienced $12.3 billion in added tax costs and another $6.9 billion from unrecoverable reductions in welfare arising from the 2018...
Income Inequality

The Nation-State: The Common Root of Our Failure to Deal with High Global Inequality and Climate Change

Branko Milanovic
Inequality and climate change are both global problems that cannot be solved by a single country. Yet we are stuck with the political limitations...
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ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.