{"id":844,"date":"2006-07-24T02:36:00","date_gmt":"2006-07-24T02:36:00","guid":{"rendered":"http:\/\/maddruid.com\/wp\/?p=844"},"modified":"2006-10-09T23:34:14","modified_gmt":"2006-10-09T15:34:14","slug":"842-of-the-latest-buzzword-in-economics-inequality","status":"publish","type":"post","link":"https:\/\/maddruid.com\/?p=844","title":{"rendered":"[842] Of the latest buzzword in economics: inequality"},"content":{"rendered":"<p>Talks of inflation, interest rates, current account and other typical terms are propping up too often nowadays and I swear I&#8217;m going to puke the next time I hear these words. For all I know, these issues have been beaten to death and any more commentary is redundant. So, when I started to pick up a low murmur, I was overjoyed to find out that it concerns none of the above &#8211; this time, it&#8217;s inequality <a rel=\"tag\" href=\"http:\/\/technorati.com\/tag\/economics\">(tag)<\/a>.<\/p>\n<p>The conversations on inequality were prompted by Piketty-Saez data on income inequality (<a href=\"http:\/\/elsa.berkeley.edu\/~saez\/TabFig2004prel.xls\">download the data here<\/a>). For me, it started with Paul Krugman&#8217;s <em>Left Behind Economics<\/em> (read it for free at <a href=\"http:\/\/economistsview.typepad.com\/economistsview\/2006\/07\/paul_krugman_le.html\">Economist&#8217;s View<\/a>) and ends with Greg Mankiw&#8217;s <em><a href=\"http:\/\/gregmankiw.blogspot.com\/2006\/07\/inequality-and-stochastic-human.html\">Inequality and Stochastic Human Capital<\/a><\/em>. Mankiw managed to rationalize the idea of inequality in simple term rather creatively and I&#8217;m definitely attracted to his rationalization.<\/p>\n<p>And heh, Prof. Mankiw has a blog. How cool is that?<\/p>\n<p>By the way, just over two years ago, the <a href=\"https:\/\/maddruid.com\/wp\/?p=300\">Big Mac and manufacturing controversy<\/a> came to surface and it was between Prof. Mankiw and Rep. Dingell.<\/p>\n<p align=\"center\"><img data-recalc-dims=\"1\" decoding=\"async\" alt=\"Mohd Hafiz Noor Shams. Some rights reserved\" src=\"https:\/\/i0.wp.com\/www.maddruid.com\/Graphics\/reusable\/the__earthinc.png?w=580\" \/> <img data-recalc-dims=\"1\" decoding=\"async\" alt=\"Mohd Hafiz Noor Shams. Some rights reserved\" src=\"https:\/\/i0.wp.com\/www.maddruid.com\/Graphics\/reusable\/the__earthinc.png?w=580\" \/> <img data-recalc-dims=\"1\" decoding=\"async\" alt=\"Mohd Hafiz Noor Shams. Some rights reserved\" src=\"https:\/\/i0.wp.com\/www.maddruid.com\/Graphics\/reusable\/the__earthinc.png?w=580\" \/><\/p>\n<p><a name=\"8421\"><\/a>p\/s &#8211; PPS should ban those that spam by proxy. Somebody is circumventing PPS anti-multiping rule by having multiple blogs and then pinging those blogs.<\/p>\n<p align=\"center\"><img data-recalc-dims=\"1\" decoding=\"async\" alt=\"Mohd Hafiz Noor Shams. Some rights reserved\" src=\"https:\/\/i0.wp.com\/www.maddruid.com\/Graphics\/reusable\/the__earthinc.png?w=580\" \/> <img data-recalc-dims=\"1\" decoding=\"async\" alt=\"Mohd Hafiz Noor Shams. Some rights reserved\" src=\"https:\/\/i0.wp.com\/www.maddruid.com\/Graphics\/reusable\/the__earthinc.png?w=580\" \/> <img data-recalc-dims=\"1\" decoding=\"async\" alt=\"Mohd Hafiz Noor Shams. Some rights reserved\" src=\"https:\/\/i0.wp.com\/www.maddruid.com\/Graphics\/reusable\/the__earthinc.png?w=580\" \/><\/p>\n<p>pp\/s &#8211; hail to the admin for deleting spam from PPS.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Talks of inflation, interest rates, current account and other typical terms are propping up too often nowadays and I swear I&#8217;m going to puke the next time I hear these words. For all I know, these issues have been beaten to death and any more commentary is redundant. So, when I started to pick up [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-844","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=844"}],"version-history":[{"count":0,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/844\/revisions"}],"wp:attachment":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}