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SUPPLEMENTAL MATERIALS

a. Key concepts illustrated

The Gini index

Mean vs. Median

Wealth and Income

Rents and rent-seeking

The Ambassador Bridge

Pareto distributions

Okun’s “big trade-off”

b. Grasping Inequality

The “pyramid of capitalism”

Distribution of prize money in the British Navy

 

c. Rents and transition

Porto Montenegro: the consortium

Porto Montenegro: the marina

Porto Montenegro: the president

Russian leaders’ villas

“Oligarchy forever?”

 

d. Champions of liberalization

Ronald Reagan, Boris Yeltsin, Deng Xiaoping

Egor Gaidar

Walter Eucken & Ludwig Erhard

Wu Jinglian

 

e. German ultra-nationalists embrace Putin’s Russia

AfD Protest March, Berlin, October 8, 2022