Penelope Kyritsis

How Inequality Distorts Economics The growing global concentration of wealth has made basic data on household savings, the trade deficit, and overseas assets increasingly unreliable. ▪ Spring 2021 One of the urgent challenges facing the Biden administration is reversing the ever-worsening maldistribution of wealth. The more billionaires we have, and the more zeroes added to the net worth of Elon Musk, Jeff Bezos, and Mark Zuckerberg, the less there is for everyone else.

The End of Development Discussion in the United States about secular stagnation, a long-term tendency toward weak business investment and slow growth, has mostly focused on wealthy countries. But slowing growth around the world cannot be explained as the sign of economic “maturity.” ▪ Spring 2021 When I was in high school, my economics class read The End of Poverty by Jeffrey Sachs. The book is a passionate appeal to help those living in the worst poverty in the world.