Dabla-Norris et al, Causes and Consequences of Income Inequality, International Monetary Fund, June 2015. (30 pages)

When you contemplate the widening gap between the very rich and the rest of the world population, do you believe something should be done about this? Or do you believe that if someone can figure out how to become very rich, they have an unqualified right to their wealth? Please consider how the world continues change in light of the pandemic and now war in Ukraine.
(week #5 readings)
Here are your readings:
Schramm, Litan, Baumol, Good /Bad Capitalism, 2003, Preface, Chapters 1 & 4. (36 pages)
Dabla-Norris et al, Causes and Consequences of Income Inequality, International Monetary Fund, June 2015. (30 pages)

Rethinking Capitalism (~ 16 minutes)
Michael E. Porter, Harvard University professor, explains why business leaders must focus on shared value–creating products and services that benefit not only the company but also society.
Why the Middle Class is Shrinking (~2 minutes)
A brief explanation from HBR Video of the decoupling of wages and productivity since World War II. For more, follow the link to the interview with Brynjolfsson and McAfee.
Cases and Perspectives (Required)
The Wealth Reports
Capgemini tracks high net worth individuals (HNWIs), their wealth, and the global and economic conditions that drive change in the Wealth Management industry.
Creating Capabilities (~10 minutes)
Martha Nussbaum speaks about the shortcomings of conventional economic indicators in evaluating human flourishing.
Moyo, “Dead Aid in Africa,” Video interview. (8 minutes)
https://hbr.org/video/2189177123001/rethinking-capitalism
https://hbr.org/video/4598665579001/why-the-middle-class-is-shrinking
https://worldwealthreport.com/


https://www.imf.org/en/Publications/WEO/Issues/2022/01/25/world-economic-outlook-update-january-2022