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