asterisk2a + gini-coefficient   15

▶ Michael Sandel: Why we shouldn't trust markets with our civic life - YouTube
n the past three decades, says Michael Sandel, the US has drifted from a market economy to a market society; it's fair to say that an American's experience of shared civic life depends on how much money they have. (Three key examples: access to education, access to justice, political influence.) In a talk and audience discussion, Sandel asks us to think honestly on this question: In our current democracy, is too much for sale?
market  economy  Career  Politicians  lobby  lobbyist  incentive  accountability  public  discourse  Gini-coefficient  Lobbying  values  affluent  Michael  Sandel  everything  is  up  for  sale  responsibility  short-term  thinking  philosophy  working  poor  social  science  happiness  civic  life  political  error  intrinsic  motivation  common  good  corruption  satisfaction  economics  life  lesson  faultlines  lifehacker  Society  putting  a  price  on  everything  justice  ethics  non-material  goods  public  policy  western  lifestyle  education  fairness  Law  &  capitalism  political  folly  private  healthcare  civil  democracy  healthcare  market  ordinary  life  moral  beliefs  book  financial  incentive  western  public  morals  inequality 
october 2013 by asterisk2a
The Impact of Raising the Minimum Wage - YouTube
Tax Credit better than raising minimum wage. UK raised under Osborne the tax free income "tax-free income allowance" // "In 2010, the median wage in the UK for all jobs was £20,801." // >> tax-free allowance should be raise to by 350£ each year to 12.000£
microeconomics  fiscal  policy  tax  credit  working  poor  UK  Gini-coefficient  USA  minimum  wage  barackobama  tax-free  allowance  liberal  conservative  income  inequality  economics  GeorgeOsborne  liberal  economic  reform  presidency  inequality 
july 2013 by asterisk2a
The Swedish riots: What really happened?
Various studies have shown that statistics such as these can cause serious problems. Dr Arnold Goldstein, author of The Psychology of Group Aggression, wrote that people often participate in a “mob” due to a feeling of dispossession, “the belief that others are climbing up the economic ladder while oneself is not, or the belief that one’s own earlier economic gains are being lost.” Meanwhile in a 2011 paper entitled “It’s the Local Economy, Stupid! Geographic Wealth Dispersion and Conflict Outbreak Location”  a group of Norwegian academics found that civil conflicts are more likely to occur in areas with low absolute income with large departures from the national average, regardless of whether the country’s per capita GDP is high overall. Unsurprisingly, considering the areas where the riots happened, in Sweden, median household income for non-European immigrants is 36 per cent lower than for native Swedes. 
unemployment  Swedish  Model  society  lostgeneration  economic  history  UK  riot  demonstration  generationy  youth  unemployment  Gini-coefficient  identity  immigration  income  inequality  millenials  occupywallstreet  civil  society  inequality  national  identity  Sweden 
june 2013 by asterisk2a
Reichenforscher : "Die Millionen machen was mit Götzes Gehirn" - Nachrichten Sport - Fußball - DIE WELT
Auch Robben ist aus seiner Leidenschaft heraus, eventuell auch noch aus verletztem Ehrgefühl, über sich hinausgewachsen im Finale der Champions League gegen Dortmund. Keiner wächst über sich hinaus, wenn es nur um eine Prämie geht. Das mag zehn Minuten reichen, mehr aber auch nicht. [...] Aber haben sie noch die Szene vom Finale in der Champions League vor Augen, als Hoeneß den Pokal nehmen sollte, sich aber minutenlang ziert? Da war eine große Scham zu sehen. Dann nimmt er ihn und hält ihn die ganze Zeit vor sein Gesicht. Das war für mich nicht die Inkarnation eines Abzockers. [...] Die guten Dinge des Lebens bestimmen die Selbstwahrnehmung, die schlechten werden oftmals verdrängt. Dass viel Geld hier größere Verführungen bedeutet, ist wohl eine Tatsache. [...] Die Angst, dieses Vermögen zu verlieren, spielt auch eine große Rolle. Wie dem auch immer sei. Wenn die Hochvermögenden nicht vergessen, dass sie organische Bestandteile ihrer Gesellschaften sind, können sie Verantwortung wa...
society  millionaire  rich  sociology  motivation  Soccer  wealth-distribution  intrinsic  motivation  wealth  management  Olympics  Bundesliga  Gini-coefficient  Fußball  Uli  Hoeness  superrich  psychology  money  wealth  Sport 
june 2013 by asterisk2a
What Wasn't Said in "Wealth Inequality In America" - YouTube
income mobility = opportunity and education. but current systems are devised that one has first go into debt (mortgage future potential earnings) go gain access to education that is relevant and accepted by firms.
Gini-coefficient  microeconomic  policy  microeconomics  social  mobility  working  poor  economics  income  inequality  education  income  mobility  inequality 
march 2013 by asterisk2a
Inequality, leverage and crises | vox - Research-based policy analysis and commentary from leading economists
Of the many origins of the global crisis, one that has received comparatively little attention is income inequality. This column provides a theoretical framework for understanding the connection between inequality, leverage and financial crises. It shows how rising inequality in a climate of rising consumption can lead poorer households to increase their leverage, thereby making a crisis more likely.
inequality  debt  finance  macroeconomics  crisis  microeconomics  income  Gini-coefficient  leverage  2008  2007 
february 2011 by asterisk2a
Born Poor? | Santa Fe Reporter
Milton Friedman
“The founders of the discipline of economics, almost to a man—and they were only men—thought that the problem of distribution between classes—they used the word classes—was the key to understanding why nations grew or not,” Bowles says.

What Bowles sees as the essence of his profession—problems of wealth distribution—the Friedmanites see as the road to hell.
SamuelBowles  Gini-coefficient  TomHertz  MiltonFriedman  inequality  economics  employment  poverty  socialism  development  research  AdamSmith  wealth-distribution  AlanGreenspan  ElinorOstrom  nobelprize 
february 2010 by asterisk2a

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