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We plutocrats need to get this trickle-down economics thing behind us, this idea that the better we do, the better everyone else will do. It’s not true.
Tags » Daron Acemoglu
This book addresses the core reasons for why some countries are rich today and why some have been stuck in a vicious circle of poverty and corruption. 836 more words
Disease and Development: A Reply to Bloom, Canning, and FinkBy Daron Acemoglu and Simon Johnson (both MIT)
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Bloom, Canning, and Fink (2014) argue that the results in Acemoglu and Johnson (2006, 2007) are not robust because initial level of life expectancy (in 1940) should be included in our regressions of changes in GDP per capita on changes in life expectancy.
By Michael Valpy
Eric Schuppert’s realization that he had left the middle class did not occur in 2008, when his $75,000-a-year salary with full benefits, pension and five weeks’ paid vacation vanished along with his job as a public-service manager for the municipality of Caledon. 1,909 more words