A Power Theory of Personal Income Distribution — Blair Fix (2017, York University)

ABSTRACT: Due in no small part to the work of Thomas Piketty, the empirical study of income inequality has flourished in the last decade. But this plethora of new data has not led to a corresponding theoretical revolution. Why? The problem, I believe, is an unwillingness to question and test the basic assumptions on which current theory rests. Most…

Read More

How is China making income distribution fairer?

For more: https://www.cgtn.com/video China will continue to follow the principle of distribution according to one’s work while improving the country’s institutions and mechanisms for distribution based on factors of production, so as to make income distribution fairer and more orderly. This is one episode in CGTN’s special series, “How China Works,” to discover China’s governance philosophy. #CPC100 #HowChinaWorks Subscribe…

Read More

Distribution of income and wealth

Income is a flow while wealth is a stock of assets, each will have different factors which cause inequality. The distribution of income or wealth can be measured using the Lorenz curve and the Gini coefficient. #aleveleconomics #ibeconomics #aqaeconomics #ocreconomics #edexceleconomics #economicsrevision #inequality #lorenzcurve #gini

Read More

Theory of Factor Pricing in Hindi (Theory of Distribution)

In the previous video, have discussed about the Factors of Production i.e. Land, Labour, Capital and Entrepreneur. In this video we will discuss about the meaning and definition of factor pricing (theory of distribution). Then in the upcoming video we will discuss different theories of factor pricing like marginal productive theory. For Business / Promotion Related Queries, contact at…

Read More

US Income Distribution: Debrief

Debrief for my Desmos activity on Income in the U.S. https://teacher.desmos.com/activitybuilder/custom/5e7d72899a5c2f15615595f6 JUMP TO: -Fair Share within Each Quintile: https://youtu.be/8NdjZOjw69o?t=45 -Where the Data Came From: https://youtu.be/8NdjZOjw69o?t=184 -Fair Share for Whole US: https://youtu.be/8NdjZOjw69o?t=263 -What is TYPICAL? https://youtu.be/8NdjZOjw69o?t=291 -Each Group’s SHARE: https://youtu.be/8NdjZOjw69o?t=512 -History: https://youtu.be/8NdjZOjw69o?t=578

Read More