The Marginal Value of Money

I see a lot of  lies and half-truths via statistics concerning poverty rates and the virtue of equality vs. general prosperity. It’s not so much that data is fudged; it’s the choice of what is measured and how it is plotted. Per capita GDP is a poor measure of general prosperity. The GINI coefficient is a mediocre measure of inequality.

In The Marginal Value of Money, I propose a first-order correction. It is imperfect, but it can be the basis of improvement in the various discusses both from the Left and the Right. Read it can come back here to comment if you so desire.

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