Munich Security Conference / Kuhlmann
Is everyone who participates in a capitalist economy—from store clerks to tech titans—more or less equally important to that economy’s healthy functioning? Or is there a special class of people who are truly essential to capitalism? Some thinkers have emphasized the monumental cooperative effort that’s required to produce the most mundane of products, while others, such as the novelist Ayn Rand, have focused on the elite few whose world-changing ideas and inventions are rocket fuel to the engine of commerce. As Chicago Booth’s John Paul Rollert explains, whichever view you lean toward may have implications for your ideas about inequality.
Chicago Booth’s John Paul Rollert reflects on how we think about helping the poor and charitable giving.
What’s Wrong with Charity?
A study of demolitions in Chicago finds they raised housing costs, hurting renters.
Infographic: How Demolishing Public Housing Increased Inequality
The spending of Americans who are relocating appears to complicate Milton Friedman’s influential permanent income hypothesis.
People on the Move Economize—Even When Chasing Higher IncomesYour Privacy
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