Inequality: I < π > e –CLOSED


10:10 AM - 12:00 PM

9/15, 10/6, 10/13, 10/20, 10/27, 11/3

What exactly do we mean by inequality?  Is it good or bad?  Hardly a day goes by that we do not read or hear about inequality.  How is it measured? What are its effects? Are they benign or malignant? What level of inequality should a society attempt to achieve? Is perfect equality a reasonable goal? What macroeconomic policies can a society implement to manage inequality?  What forces behind inequality are beyond the reach of political or economic policy? Join us in this course as we attempt to address all these questions with a particular emphasis on the last two.


Syllabus: i < p > e
Michael Mugnolo

 Week 1 – I wonder as I wonder

                        Eee I eee I O

                        A sailing we will go

                        Simon’s inverted U

                        The genius of ignorance


Week 2 – We have seen the enemy…

                        Gini and her beautiful curves

                        Theil’s Index

                        Atkinson’s Index

                        Sharrock’s Mobility Index


Week 3 – The arrival of the rentier

                        Lord of the manor

                        The financier

                        Regulation and its discontents


Week 4 – The Ancient Regime & Belle Epoch

                        The economics of Gustav Flaubert

                        The economics of Jane Austin


Week 5 – Heaven on earth

                        Trouble in paradise

                        The flight of the Phoenix

                        Economus interruptus

                        Back to the future


Week 5 – The wisdom of crowds

                        Our crowd



Facilitator: Michael Mugnolo

Michael Mugnolo is a humble man with lots to be humble about. Slow and somewhat dimwitted, he nearly always learns much more from his students than they do from him. His somnolent delivery is a great help to those having trouble sleeping.