Russ Roberts
medium.com/@russroberts · Personal blog · on HN since 2016
Russ Roberts is an economist who writes essays on inequality, trade, markets and the role of economists.
What HN saysHN commenters use his post on whether the rich capture all economic gains to rebut inequality charts, noting they ignore non-wage income. One says the topic causes flame wars.
23HN people shared it
5linked it in comments
18stories submitted
392story points
6 years agolast shared
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What HN people wrote when they linked it
Areibman · 2020-07-03
This was posted here about a month an half ago. Unfortunately, this article causes comment sections to erupt into flames. I find it problematic since it spreads misinformation about economics as a profession.
Economist Russ Roberts does a great job addressing most of the points in this article [0].
Although Hayek and Friedman may have been intellectually very interesting, I have a hard time believing they had much influence on the trajectory of public policy (at least, not nearly as much as OP's article implies).
Speaking anecdotally, I studied economics in my undergrad, and I never encountered Friedman or Hayek in my curriculum. In fact, I can count the number of students I met familiar with their ideas with one hand.
[0] https://medium.com/@russroberts/the-economist-as-scapegoat-91b317a6823…
refurb · 2020-08-03
Exactly. And when you try and track people across decades, things start to look different.
https://medium.com/@russroberts/do-the-rich-capture-all-the-gains-from…
shuckles · 2020-05-10
Most of these charts ignore non-wage income such as employer paid healthcare. https://medium.com/@russroberts/do-the-rich-capture-all-the-gains-from…
BurningFrog · 2020-04-06
There are places actually doing this today: https://medium.com/@russroberts/health-care-lessons-from-dr-keith-smit…
If you have time to listen to the podcast, it can be very eyeopening.
jeffbax · 2017-09-13
Maybe, but even at the end when it was Trump vs. Cruz vs. Kasich Trump polled well ahead. I don't think that quantity really was the determining factor -- I think Trump is just the natural end state for the way America seems to be at the moment with its massive political division and the inability for either side to treat the other with good intentions.
Really agree with this post
https://medium.com/@russroberts/the-world-turned-upside-down-and-what-…