This section of the blog has been exploring a foundational concept first presented in the opening “Models” section: “The distribution of wealth is critical to…
Tag: inequality
This section of the blog has been looking at the effects of distribution of income on the economy, and argues that a markedly unequal distribution…
Last week I reached the conclusion that creating an economy that provides enough for everyone requires ending the extreme wealth inequality that characterises the modern…
Over the last few weeks I’ve been considering what happens when productivity increases. With the exception of new technologies that have the possibility of rapidly…
Last week I looked at Adair Turner’s paper on automation, in which he points out that the automation of all theoretically viable production processes is…
In my last post I demonstrated that if mainstream economic theory were applied in its purest form, as productivity increases to the point that we…
As usual, the blog has become bogged down in reams of detail. I start each section with an outline in my head of what I…
Over the last 7 weeks we’ve explored Pozsar’s work on institutional cash pools. We’ve seen that the wealth diverted from wages to profits (increasing inequality)…
Our investigation into how the redistribution of wealth from wages to profits has seen the concentration of huge stockpiles of wealth in institutional cash pools…
In the last post I gave an overview of how the rise of institutional cash pools has impacted financial markets. It was a long and…