Archive for the 'income inequality' Category
Feb
21
Post #4- Nick Djamalidinov
February 21, 2015 | Leave a Comment
Today’s articles focused on the income inequality in New York City, which is a lot worse than I had expected. The New Yorker article put into perspective Manhattan’s income inequality, likening it to countries like Sierra Leone. That is actually alarming considering the economic position Sierra Leone is in. The CNN article gave some statistics […]
Feb
5
Post #3 Nicholas Lee
February 5, 2015 | Leave a Comment
Income inequality was something I knew very little about up until now. My freshman year, I took a sociology class where we briefly watched a video on wealth distribution in the United States but other than that video, I never knew much about this subject and it was rarely discussed in my classes. After finishing […]
Feb
5
Blog Post #3 Jake Greenberg
February 5, 2015 | Leave a Comment
I am yet to read Piketty’s, “Capital in the 21st Century” so I unfortunately can only go off of what I have heard and the four readings that attempt to summarize/interpret it. I am a big fan of Paul Krugman, however, so I put most of my focus on his feelings towards it. This is […]
Feb
5
Blog Post#3 – Cheng Dong
February 5, 2015 | Leave a Comment
Class 3: Income Inequality – Does it really hurt that much? After finishing the readings, I find myself unable to generate much productive ideas from the information I gained from the readings. This is mostly due to my need of broader explorations into the issue of the effects of income inequality in today’s […]
Feb
5
A Step in the Past (Alex Lam)
February 5, 2015 | Leave a Comment
It’s impossible for economists to ever agree, so when they even slightly agree on something, the world needs to pay attention. This seems to be the case for Thomas Piketty’s book, Capital in the Twenty-First Century. While most economists may not agree with his viewpoint, nor do all of them believe it is a book […]
Feb
5
Thomas Picketty-Class #3-Gerald Lizzo
February 5, 2015 | 1 Comment
Upon reading about Thomas Piketty’s historical analysis of income inequality in his “Capital in the Twenty-First Century” I could not help but to have a bit of a concerning thought. One assertion Piketty makes is that the growth of accumulated capital far exceeds the national income. He points out how it was approximately six or […]
Feb
5
Blog Post #3 Andrew Chen
February 5, 2015 | Leave a Comment
The articles given revolved around Thomas Piketty and his economics book “Capital in the Twenty-First Century.” It does seem to invoke the same feeling as hearing Karl Marx’s “The Communist Manifesto” – one may suspect Piketty as denouncing capitalism. Inequality is something that unintentionally gets derived from capitalism. With free trade, and little government intervention […]
Feb
5
#3 Post – Josh Solomowitz
February 5, 2015 | Leave a Comment
Picketty really changed how our society looks at economics and the inequality gap simply by publishing a book. It’s insane to me that one person, throughout the course of history, can have such a large impact on our societies. This was proven over and over again in time from people like Newton, Einstein, Jobs, Gates, and Edison, among […]
Feb
5
Blog Post 3
February 5, 2015 | Leave a Comment
After reading the first article, which summarized Thomas Piketty’s book in four paragraphs, I thought the book was rather interesting. It’s really useful that Piketty compiled all the data together in one place to show how it changed over time. I was disappointed when I read that the wealth gap only lessened when there were “high […]
Feb
4
Blog Post #3- Nick Djamalidinov
February 4, 2015 | Leave a Comment
Today’s articles focused on Thomas Piketty’s bestseller Capital in the Twenty-First Century. It discusses the income inequality the world is facing, describing it as a crisis that is due to reach 19th century European levels of inequality. These articles have actually made me very curious about this book because they clearly explain the ideas of […]
