Inequality affects the political support of redistribution - if inequality is skewed such that the middle class is closer to the poor than to the affluent, political support for redistributaion will be stronger. 2011
Gilens and Page find that a policy has a higher likelihood of being addopted if it is supported by interest groups and economic elites. Support by the middle class does not affect the likelihood of policy adoption. 2014
Individuals who work in fields that have a high risk of financial instability tend to prefer more redistribution compared to their lower-risk peers with similar levels of income. 2006
The Micronesian island of Yap is known for its stone money.
They use large doughnut-shaped, carved disks of calcite, some as large as 13 ft in diameter
2018
When Monopoly players Started with twice the money as their opponents.
they began to act rudely towards other players and argued that they used strategy and skill to achieve victory
2013
EF Schumacher, Green economist.
Schumacher's 1973 book Small is Beautiful rewrote the rules by questioning whether the objectives of western economics were desirable
2020
EF Schumacher, Green economist.
Schumacher's 1973 book Small is Beautiful rewrote the rules by questioning whether the objectives of western economics were desirable
2020
Potatoes played an important role in economic growth in the 18th & 19th centuries.
The introduction of the potato explains the 25–26% of the increase in old world population
2011
Italian banker, Gilberto Baschiera is Considered a Modern-day Robin Hood..
For 7 years, he secretly diverted 1 million euros to poorer clients from the wealthy ones so they could qualify for loans.
