"The "Noah's Ark Problem" is intended to be an allegory or parable that renders a vivid image of the core problem of maximizing diversity under a budget constraint. What is treated here is actually not the most general form of the underlying mathematical problem. Some slight generalizations are possible, but they would come at the … Continue reading Weitzman’s The Noah’s Ark Problem
Tag: economics
Brahmin Left vs. Merchant Right: Rising Inequality and the Changing Structure of Political Conflict
ConclusionsGlobalisation/migration (domestic vs external inequality) and educational expansion (education vs property inequality) have created new multi-dimensional conflicts about inequality, leading to the collapse of the postwar left-vs-right party system.Why didn’t democracy reduce inequality?Because multi-dimensional coalitions are complicated.Without a strong egalitarian-internationalist platform, it’s difficult to have the low-education, low-income voters from all origins vote for the … Continue reading Brahmin Left vs. Merchant Right: Rising Inequality and the Changing Structure of Political Conflict
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