This is another look at the idea I put forth here, that - contra the standard economic idea that consumption depends on wealth - I believe that consumption depends on income. It's worth stressing that ...

One of the debates within economics is whether consumption is driven by income or wealth. The outcome of this debate is important for policymakers; if the goal of policy is lifting or constraining ...

Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. One of the evergreen arguments in the debate over rising income inequality is that ...

On 12 February 2014, Sanjay Reddy, Associate Professor of Economics at the New School for Social Research, made an inaugural presentation of a new database on material living standards within and ...

Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. This has always been a fairly desperate attempt to deny an obvious problem. At the ...

Will Wilkinson has a new paper out on inequality, which I will be blogging about later. But Ezra Klein has an interesting response, which focuses on the difference between income inequality and ...