The Algebra of Wealth: A Simple Formula for Financial Security by Scott Galloway

Global Inequality — Harvard University Press

Winner of the Bruno Kreisky Prize, Karl Renner InstitutA Financial Times Best Economics Book of the Year An Economist Best Book of the Year A Livemint Best Book of the YearOne of the world’s leading economists of inequality, Branko Milanovic presents a bold new account of the dynamics that drive inequality on a global scale. Drawing on vast data sets and cutting-edge research, he explains the benign and malign forces that make inequality rise and fall within and among nations. He also reveals who has been helped the most by globalization, who has been held back, and what policies might tilt the balance toward economic justice.“The data [Milanovic] provides offer a clearer picture of great economic puzzles, and his bold theorizing chips away at tired economic orthodoxies.”—The Economist“Milanovic has written an outstanding book…Informative, wide-ranging, scholarly, imaginative and commendably brief. As you would expect from one of the world’s leading experts on this topic, Milanovic has added significantly to important recent works by Thomas Piketty, Anthony Atkinson and François Bourguignon…Ever-rising inequality looks a highly unlikely combination with any genuine democracy. It is to the credit of Milanovic’s book that it brings out these dangers so clearly, along with the important global successes of the past few decades.—Martin Wolf, Financial Times

Why the super rich are inevitable

Why some mathematicians argue the economy is designed to create a few super rich people – unless we stop it.

Capitalism by Sven Beckert: 9780735220836 | PenguinRandomHouse.com: Books

Buy Capitalism by Sven Beckert from Penguin Random House

How to Get Rich in America

on wealth vs labor and ownership vs effort

Household Finance

Household financial decisions are complex, interdependent, and heterogeneous, and central to the functioning of the financial system. We present an overview of the rapidly expanding literature on household finance (with some important exceptions) and suggest directions for future research. We begin with the theory and empirics of asset market participation and asset allocation over the life cycle. We then discuss household choices in insurance markets, trading behavior, decisions on retirement saving, and financial choices by retirees. We survey research on liabilities, including mortgage choice, refinancing, and default, and household behavior in unsecured credit markets, including credit cards and payday lending. We then connect the household to its social environment, including peer effects, cultural and hereditary factors, intra-household financial decision-making, financial literacy, cognition, and educational interventions. We also discuss literature on the provision and consumption of financial advice.

A psychologically rich life: Beyond happiness and meaning.

Measuring Self-Control Problems

We develop a survey instrument to measure self-control problems in a sample of highly educated adults. This measure relates in the manner that theory predicts to liquid wealth accumulation and personality measures. Yet while self-control problems are typically seen as resulting in overconsumption and low wealth, we identify a significant group who underconsume and thereby accumulate high levels of wealth. In addition, self-control problems are smaller in scale for older than for younger respondents. Those who put money aside in retirement accounts may be delaying access to a point at which self-control problems are no longer important. (JEL D12, D14)

The Monsters, Inc. Argument for Unconditional Basic Income

How to convert an economy based on fear to one based on joy

Small Bets — Expert-Led Classes for Entrepreneurs

Get lifetime access to 53 expert-led classes. One payment, yours forever.

Estimating Discount Functions with Consumption Choices over the Lifecycle

We estimate β-δ time preferences and relative risk aversion (RRA) using a lifecycle model including stochastic income, liquid and illiquid assets, credit cards, dependents, Social Security, mortality, and bequests. Preference parameters are identified by cross-tabulating four lifecycle age intervals and four balance sheet moments: the proportion of households carrying (i.e., revolving) credit card debt, average carried credit card debt, average net wealth among households carrying credit card debt, and average net wealth among households not carrying credit card debt. The sixteen moments are approximately matched by (MSM) parameter estimates β = 0:50, δ = 0:99, and RRA = 1:3.

Vals AI

Private, domain-specific benchmarks in legal, tax, and finance.

10 Design Principles for Governing the Commons

In 2009, Elinor Ostrom received the Nobel Prize in Economics for her “analysis of economic governance, especially the commons”.

A Yale Professor’s Investment Formula Says You Need More Stocks. See How It Works.

A new way to allocate assets in your portfolio takes another look at factors like age, income and risk tolerance—whether you are young, middle-aged or retired.

About Us - Siegel Family Endowment

About Our Chairman “Computational thinking is more than just a way to approach problem solving. It’s a way of processing and understanding the world through […]