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What Causes Inequality? An Econophysics Approach

Nov 19, 2015

In standard economics, inequality in outcomes is typically attributed to inequality of inputs, for example, from differences in education. Yakovenko thinks about inequality in a different way by extending some ideas from statistical physics.

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This episode features Institute for New Economic Thinking grantee Victor Yakovenko speaking about his innovative approach to economic inequality. In standard economics, inequality in outcomes is typically attributed to inequality of inputs, for example, from differences in education. Yakovenko thinks about inequality in a different way by extending some ideas from statistical physics.

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