Problems with wealth inequality debate

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By Economist Dr. Eric Fruits, Econinternational

You may have heard that Oxfam is promoting its report that says the richest 85 people in the world have more wealth than the bottom 3.5 billion. Of course, the media have picked up the story and continue to run with it.

You may have also heard that Tim Harford is promoting his new book, The Undercover Economist Strikes Back.

In a recent talk, Harford strikes back at the the use and misuse of such factoids in the wealth inequality debate and in macroeconomics in general.

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