Questions tagged [wealth]
The wealth tag has no usage guidance.
26
questions
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3answers
138 views
Is poverty a mathematical necessity?
I recently saw a meme, and the content was something like:
In the near future, a meteor will 'hit' the Earth, and there will be
gold rain, and hence everyone will be rich
The ridiculous thing ...
-1
votes
0answers
29 views
Upper bound on wealth that can be created for each country
I get very confused on the subject of wealth and I do not, I repeat, I do not have the time to read Adam Smith. And I have no formal training in economics. As a layman, I wish to ask a simple question....
0
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0answers
19 views
Question about the effect on economic productivity due to a hypothetical wealth distribution requirement
Assume a sovereign state that functions like a joint stock corporation does: it will be comprised of shareholders and its "stateshares" will have a market value since they are tradeable. Now assume ...
0
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0answers
8 views
Unit of analysis for income distribution, adult equivilence
Over the last few years I have seen a number of tussles over income distribution measurement in the economics journal literature between people drawing data from different sources and maintaining that ...
0
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1answer
26 views
What's the difference between equity capital and market capitalization?
Is there any difference between the equity capital and the market capitalization of a company (or a bank)?
If yes then what's the difference?
0
votes
1answer
21 views
What's the combined wealth of the US banks?
How much is the amount of money of the US banks?
In terms of:
assets
their own money (the banks make profits and they can keep the profits for further investments)
The question is only about the ...
2
votes
2answers
60 views
Is there a term for the personal wealth that is not used to generate income?
A rich person can own companies, shares, houses used for renting etc. that are worth billions of $US. That is the wealth that is generating income. I would call it income-generating wealth or income+...
1
vote
0answers
23 views
What are the definitions of the terms value, wealth, and utility in economics?
Are there any definitions for the following three terms that are widely agreed upon in economics?
Value
Wealth
Utility
In particular, are these terms identical? If not, what differentiates them?
I ...
3
votes
2answers
57 views
Statistical distribution of wages and wealth
How are wages distributed globally? Wages do not follow a normal distribution, do they? Is wealth distributed in the same way or differently?
0
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1answer
78 views
How do we determine if wealth will be created or destroyed (and how much) when we want to provide (quasi)public goods?
It seems quite simple under framework of free market, when there are no taxes or subsidies,price celling or price floors, etc, that can mess up the market: if there is profit (or will be, according to ...
1
vote
1answer
74 views
Wealth Creation: Where does the money come from?
I'm trying to better understand wealth creation– let's use trade as an example.
I've bought a cup for \$2 and sold it for \$10. We've "created some new wealth" there– but without a net increase in ...
2
votes
1answer
142 views
The relationship between indirect utility and expenditure functions
I am trying to understand the fact that $e(p, v(p,y)) = y$. There is a proof in the text Advanced Microeconomic Theory (Jehle and Reny) that states the following:
Because $u(·)$ is strictly ...
1
vote
2answers
51 views
Should mean wages increase with inflation?
Should mean wages increase with inflation?
If not, why? Has this profound consequences in the redistribution of wealth?
(not an expert in economics...I apologise is the question is too naif)
2
votes
4answers
119 views
Is wealth inequality actually a problem
I have been searching around online, but cannot really find an answer to my question.
I can find a lot of material covering wealth inequality and how it has developed over time, but haven’t found any ...
2
votes
4answers
209 views
Printing money to redistribute wealth
A fictional country has 100 people. The total printed money is $2000. Ten rich people own half of it ($100 each), the remaining ...
0
votes
1answer
45 views
Why have trickle-down economics failed to trickle down to the middle-class and poor in recent years?
Trickle-down economics, also referred to as trickle-down theory, is an economic theory that advocates reducing taxes on businesses and the wealthy in society as a means to stimulate business ...
0
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1answer
52 views
How much the wealth inequality increased in the USA in the last decades?
Are there any studies trying to measure the increase of the wealth inequality in the USA?
Say for example how much it increased, comparing with 1990. Or compared with any other moment in time after ...
4
votes
1answer
4k views
How is wealth created? [duplicate]
The production of 'goods and services' and 'innovation' is the usual answer. I feel that doesn't really answer the question.
These things can be traded for wealth but they don't generate new wealth. ...
2
votes
2answers
425 views
Did the idea of “making money” originate in the United States?
I am currently reading Atlas Shrugged by Ayn Rand and I came across an interesting paragraph related to Economics and American History.
If you ask me to name the proudest distinction of Americans, ...
1
vote
1answer
34 views
Estimating national intangible wealth
I seem to recall reading about the following research regarding "national intangible wealth" (IIRC):
For each country, compute the GDP.
Convert the GDP to "total national capital" using an interest ...
2
votes
1answer
71 views
Effects of finding infinite gold reserve
Suppose an infinite reserve of gold was found. What would be the consequences to the economy in general. Would it have major negative effects?
1
vote
2answers
80 views
if the richest 85 people give away all their money?
I once heard a fact that the richest 85 people are as wealthy as half the world's population put together. My question is, what does that mean?
Does it mean that there is some feasible method in ...
5
votes
4answers
307 views
How is money created?
This might seem like a really simple question, but I am really troubled by it on a macro scale. The money has to come from somewhere. Someone might start up a business that creates things or takes ...
0
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1answer
154 views
Meaning of innovation in the wealth creation process
Is there a formal definition or measure of wealth that captures the notion that with improving technology "life gets better"?
A stupid example of what I mean would be the invention of the iPhone. I ...
1
vote
3answers
123 views
How to tax the robots?
The Socialist candidate for the upcoming presidential elections Benoit Hamon says he wants to roll out the Universal Basic Income in France, to be paid by "taxing the wealth created by robots" (for ...
2
votes
2answers
194 views
Is worsening wealth inequality intrinsic to Capitalism?
I am but a humble lay person, but I have a question.
I've been thinking about wealth inequality and the structure of capitalism. It seems to me that the pay rate for workers accumulates in a linear ...
