The path dependency of higher education

An interesting paper by Etienne Leppers at the LSE suggests that where central bankers (specifically, those on the Federal Open Market Committee of the the US Federal Reserve) were educated has a "systematic impact" on the way they vote on monetary policy. This is true even considering the more than four decades that have elapsed […]

Mozart was a village

It’s hard to fathom the mind of a genius. Although I really enjoy biographies, I often learn more of and from the world around them than I do from the subject itself. In the case of Paul Johnson’s short, brilliant biography of Mozart, it’s Mozart’s father that piqued my interest. The endless renditions of concertos, […]

It’s about fairness, not equality.

"…there is no evidence that people are bothered by economic inequality itself. Rather, they are bothered by something that is often confounded with inequality: economic unfairness." This is from a paper published in Nature. "Drawing upon laboratory studies, cross-cultural research, and experiments with babies and young children, we argue that humans naturally favour fair distributions, […]

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