tag:blogger.com,1999:blog-6685155377705481833.post4564087801941396365..comments2023-09-22T03:17:50.469-04:00Comments on Middle Class Political Economist: Is Piketty wrong on British and Swedish wealth?Kenneth Thomashttp://www.blogger.com/profile/05747704671007690674noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6685155377705481833.post-69854456950749234612014-10-18T11:33:44.770-04:002014-10-18T11:33:44.770-04:00Scott, these would be useful, too. In general, tho...Scott, these would be useful, too. In general, though, all the measures correlate pretty highly. In the new Credit Suisse Global Wealth Report, Davies et al. say this. For some reason, though, on the topic of this post, it appears that they took the UK survey data without revision, as far as I can tell. I'm going to have to contact Professor Davis and follow up.Kenneth Thomashttps://www.blogger.com/profile/05747704671007690674noreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-30587063528114321232014-10-15T10:38:40.791-04:002014-10-15T10:38:40.791-04:00I've been wondering why the Gini is so often q...I've been wondering why the Gini is so often quoted. I am not sure there are better and simpler ways of measuring inequality.<br /><br />For example, what's wrong with simply dividing per capita GDP by median income? Or per capital national wealth by median net worth? Would this not provide an equally useful measure that could be studied from historically available data?Scott Bidstruphttp://www.bidstrup.comnoreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-64503744301329524812014-10-14T13:35:05.400-04:002014-10-14T13:35:05.400-04:00Then there's the distortion of the UK's in...Then there's the distortion of the UK's inequality by all those wealthy French emigrating there. Even newly minted Nobel laureate Jean Tirole worries that, ala Maggie Thatcher, socialist France will run out of other peoples money;<br /><br />http://www.france24.com/en/20141013-economics-nobel-prize-tirole-downsize-state-france-economy-unemployment/Patrick Sullivanhttps://www.blogger.com/profile/14948365865741313524noreply@blogger.com