I often start the first-year managerial economics classes I teach by showing a graph to my MBA students (see below). It shows that in 1951, middle-income Indians (from the middle 40 th percentile, ...

The inequality will be solved when \({m}\) is isolated on one side of the inequality. This can be done by using inverse operations on each stage of the sum. The final answer is ...

The most potent ‘solutions’ for inequality are unpleasant. Tight labor markets shrink income inequality by causing employers to bid up the price of scarce labor, so policymakers fretting about income ...