Blog Archives

The end of the efficiency-equity curve

In rich nations, inequality dramatically dropped during the first decades of the 20th century and although inequality has been creeping up again over the past half century (especially in the US) it has remained lower than it was during most

Posted in Development, Public Finance

Double miracles: corn & nixtamalization

Corn (called ‘maize’ in European English) is a miracle grain that is more productive than any other under a wide variety of ecological conditions. Only sugar cane, rice and potatoes (both kinds) rival corn at producing the most calories per

Posted in Development

1% of Indians pay income tax

The BBC’s Justin Rowlatt wrote that India published income tax data this year showing that only 1% of Indians paid tax in 2013, while 2% filed a tax return. He quoted Indian Prime Minister Narendra Modi saying: publishing the data

Posted in Development, Public Finance

Millionaire Superheroes: the International Rice Research Institute (IRRI)

Justin Rowlatt at The BBC celebrates the 50th birthday of IR8, a strain of rice developed by the IRRI in the Philippines that more than doubled rice productivity. It is thought that IR8 saved many millions of lives and transformed

Posted in Development, Millionaire Superheroes

One way power corrupts is by reducing social constraints

Brian Resnick warns that Trump would be a terrible president not because the enormous power of the presidency would corrupt him, but because it would merely give him more freedom to reveal his true personality.  As if we haven’t seen enough

Posted in Development, Public Finance

The socialism-prosperity curve.

I’m reading Jordan Ellengerg’s popular math book called How Not To Be Wrong: The Power of Mathematical Thinking and he has an entire chapter about how surprisingly difficult it is for people to think in terms of non-linear relationships like

Posted in Development, Public Finance

When you get a 10% raise, will you suddenly need to spend 10% more on food and clothing?

Most Americans spend about the same percent of their income on clothing regardless of how much they earn. For example, people who earn $5,000 per year might spend about $200 on clothing whereas Americans who earn $150,000 per year spend

Posted in Development, Globalization

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 20 other followers

Blog Archive