Political Economy

Week 6 Tutorial 2

Inequality

Q&A

• Wealth versus income
• Is income merit-based?
• Was there a middle-class in Europe in 1910?
• What is the r>g formula referring to?
• What is the race between education and technology? And how does it affect labour income inequality?
• What the relation between the role of organised interest and income inequality?

Break

Debate

• Who got it right? Karl Marx or Simon Kuznets?
• How to address income inequality?

Thank you and see you next week!