Tag Archives: wealth redistribution

Can we ‘redistribute’ prestige?

Posted on May 7, 2023 by VM

Pudding.cool has a good visual essay on the yard-sale model of economics, which shows that wealth has a tendency to accumulate more in the hands of people who are already wealthier. This is because a richer person has more opportunities … Continue reading →

Posted in Analysis, Science | Tagged affirmative action, Brian Skinner, econophysics, prestige bias, wealth redistribution, yard-sale model | Comments Off

Veblen cars and useless concerns for the climate

Posted on February 2, 2018 by VM

Lexus has an ad on the jacket of today’s The Hindu for its new premium hybrid electric vehicle, the LS 500h. The product description states that the car “extends relentless innovation to environmentally conscious engineering with a performance-centric Multi Stage Hybrid … Continue reading →

Posted in Science | Tagged accessibility, affordability, capital accumulation, climate change, electric-hybrid engine, hybrid vehicles, Lexus, lithium-ion battery, LS 500h, private transport, public transport, Veblen goods, wealth redistribution, wealth signalling | Leave a comment

Tag Archives: wealth redistribution

Can we ‘redistribute’ prestige?

Veblen cars and useless concerns for the climate

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