This week’s economic news summary included David Bowie’s financial innovation, China’s GDP cement problems, inequality contradictions and farm productivity.
As population shifts, developed nations will have redistribution decisions as the proportion of the non-working aged and the young need more labor income.
Relating income inequality to the stress felt by low status Bolivian Tsimane men and academy award losers, researchers said that stress that harms health.
This week’s everyday economics include competition, oligopoly, marginal cost and benefit, GDP growth, unemployment, supply and demand, OPEC, redistribution.
Increasing income inequality by moving from communal farming to individual plots, Plymouth Colony Governor William Bradford changed income redistribution.
Although protestors in Detroit and Ireland say water is a human right, economists, citing a definition of a public good and a tornado alarm, would disagree.
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