I commend the Economic Innovation Group for using median income rather than mean income to create their Index of Distressed Communities. They created a beautiful map of their Distressed Community Index where the old slave states and rural areas of…
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The median voter’s income is well above the median income
Dylan Matthews compiled a lot of data about the 2014 election including this graph of voter income: Unfortunately, he didn’t divide up the graph according to median income. That would give a more meaningful comparison because we could see what…
Posted in Medianism, Public Finance
A mmutilitarianist world map
If you make the area of each nation proportional to its share of world GDP, this is what you get: This is a pretty realistic picture of how markets view the world. Markets are mmutilitarian and care about maximizing the…
Posted in Medianism, MELI & Econ Stats
Maps displaying economic and political information should be drawn proportional to population
The main point of medianism is that economic measures should prioritize people more than money. That is why median income is a better measure than mean income. Similarly, when we display data about the distribution of economic wellbeing or democratic…
Posted in Medianism
A new indicator of economic development: How many years would you work to buy your life?
Although most people find it distasteful to put a dollar value on human life, people have been doing it for centuries and these judgements have always had a big impact on people. Before the 1960s, the motivation for putting an…
A list of notable attempts to go beyond GDP
I have only about three more months left in my sabbatical in which to figure out how to promote MELI as a replacement for GDP. I have spent much of the past week researching other attempts to replace GDP and just…
Posted in MELI & Econ Stats
Median individual income is still fairly stagnant, particularly for men.
The Census just announced a historically rapid rise in median household income which is cause for celebration, but the reason why it rose is a bit less heartening. Basically, households are working more hours. The median earnings of individuals is still somewhat stagnant:…
Posted in Inequality, Medianism
Medianism 