Top of Mind

Understanding Economic Inequality

We’re thinking about economic inequality all wrong, says Nobel-laureate Angus Deaton. Economic inequality emerges from both positive processes, like innovation and invention, and negative ones, like monopolistic behavior and badly designed policies. “Inequality is not the same thing as unfairness; and, to my mind, it is the latter that has incited so much political turmoil in the rich world today,” Deaton told Quartz.