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In the last few years the impact of income distribution on macroeconomic dynamics has received growing academic attention.

Long periods of unequal incomes spur borrowing from the rich, increasing the risk of major economic crises

There are a number of possible purposes in assessing the level of economic development of a country or part of a country. The assessment may provide an incentive for better development, particularly if it can be compared meaningfully with assessments for other countries.

The reason why the Euro zone crisis has dragged on for so long is that Europe’s leaders have focused too much on short-term measures to patch up the emergency of the moment, rather than formulating a comprehensive plan.

Europe can choose its musical accompaniment. In Berlin, 50 Cent’s All Things Fall Apart has just had its premiere. Or go back to Giuseppe Verdi, born two hundred years ago.

In his recent lecture at the Cass Business School, Lord Turner noted that even mentioning the possibility of overt monetary financing was akin to breaking a taboo.

In the United States achieving equal opportunity in postsecondary education is typically described in terms of enrolling more underrepresented groups into the selective colleges. The belief is that if this step is accomplished it will have a fundamental impact on the problem of inequality at the national level. However, what if there are not enough places in selective colleges to accomplish this goal? What if the selective colleges do not have enough capacity to make a significant impact in the problem of serving students from underrepresented groups withdemonstrated high abilities?