Tag: inequality

Revised Economic Thinking for a New World: New Editions of the “In Context” Textbooks

By Pratistha Joshi Rajkarnikar As the world has undergone seismic shifts over the last few years due to the COVID-19 pandemic, rising social and economic inequality and the escalating climate crisis, new approaches to economics are needed to reflect the complexities of this rapidly evolving world.  The latest editions of Microeconomics in Context and Macroeconomics […]

Mad Money: The Financialization and Rising Inequality of the US Economy

By Pratistha Joshi Rajkarnikar A recent UN news story blames the excessive speculation in the financial markets for impeding basic human rights. The 2022 World Development Report highlights the need to address fragilities within the financial sector for a sustainable recovery from the pandemic, and several studies have linked the rise of finance to lower […]

How COVID-19 Has Magnified Pre-existing Inequalities in the US

By Ellie Hu The distribution of wealth and resources in the United States has been extremely unequal in recent decades, as the share of national wealth owned by the top 1 percent has increased from less than 25 percent in the late 1970s to around 45 percent more recently. In 2022, the top 1 percent […]

Teaching Modules Roundup: Incorporating Social Issues into Introductory Economics

By Stacey Yuen The impact of the COVID-19 pandemic remains deeply felt in the classroom as a new year has arrived. Beyond the possibility of switching to remote teaching, educators and students alike are contending with questions about whether their curriculum materials effectively reflect the changing realities in their society and the socioeconomic challenges that […]