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Tuesday, May 17, 2016

Economic Models Must Account for Power Relationships

 I have a new column:

Economic Models Must Account for Who Has the Power'': Nobel Prize winning economist Joseph Stiglitz recently highlighted two schools of thought on how income is distributed to different groups of people in the economy. Which school is correct has important implications for our understanding of the forces that have caused the rise in inequality, and for the policies needed to reverse this trend. It also relates to another controversy that has flamed up recently, how economics should be taught in principles of economics courses. ...

    Posted by on Tuesday, May 17, 2016 at 06:09 AM in Economics, Market Failure | Permalink  Comments (23)


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