Why are mainstream economists ignoring surging inequality?

Just watched Brilliant view based on critical thinking and analysis Loved the discussion around Copernicus. Very clever Best of British intellect just hope leaders listen

Fiat money causes inequality. Sound money is a fair system.

California has the nation’s highest housing costs. Some blame a housing shortage; others, government policies. We sit down with experts to explore what’s driving costs and discuss the state-mandated Housing Development initiative and why some cities push back.

Bought the book read the book, watched Gary from day 1. The only sensible economic view point in the uk and one everyone should be listening to but are not. Thanks Gary for another great video

Thank God Labour are in power. Millionaires fleeing in droves, the GBP in freefall—now we can all be equally fucked together. Cheers!

“FTAV has spoken to eight former employees of Citi who worked with Stevenson at various points in his career, including some of the most senior managers in the bank’s FX business. All of them disputed his claim to have been the bank’s most profitable trader. “

This is so interesting. My sibling went to LSE and has been working in funds and banks for their whole life. I cannot convince them there is inequality, let alone bring up in conversation as part of the problem. Makes so much sense now!

Two books which helped me understand we need to think differently on economics Licence to be Bad Doughnut Economics Also following… @DoughnutEcon @WEAll_Alliance

Hi Gary, great video. As a former academic (in a different area) I can see some of this happening, but I would suggest that there are academics that work towards addressing the issue and trying to communicate it to the government. Not sure about today’s models (I haven’t spend time to check references) but perhaps political economist Prof @RichardJMurphy can provide some feedback? Richard is at #SheffieldUniversity (not really LSE or Oxford, but their management school is good IMO) and he has a great YouTube channel talking about wealth inequality and how to improve the state we are in. Here is a recent video from Richard Murphy about the issues of wealth: that seems pointing towards inequality and there are many more on the channel. Would be great if you connect and build a movement together to sort out the crisis. Just a thought…

Ignoring inequality is baked into the structure of economics. Much of economics is built up from the single representative agent model. By construction that model averages over rich and poor making it impossible to even discuss inequality within mainstream economics.

You're wrong Gary, without growth we're squabbling over the amount of stuff, the key is to expand it The reality is the top 1% pay 28% of all tax whilst we have millions on PIP so large parts of the country are completely unproductive

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