Figure 19.12

In a comment to the post CORE – The Economy, Raghuram quoted from the book:

In November 2016, we asked students beginning economics at Humboldt University in Berlin, ‘What is the most pressing issue that economists today should address?’ Their replies are shown in the word cloud in Figure 19.12, in which the size of the word or phrase indicates the frequency with which that term was mentioned. Students in other universities around the world gave similar answers.

Inequality is, by far, the main problem that students think economics should address.

Click on the image above in case you wish to read the chapter on “Inequality” but it is not necessary for this post. Continue reading

Common Sense

Born in England in 1737, Thomas Paine emigrated to the British American colonies in 1774. He anonymously published a pamphlet titled Common Sense in 1776, which inspired the American patriots to declare independence from Great Britain in the same year.

The wiki says, “Virtually every rebel read (or listened to a reading of) his 47-page pamphlet Common Sense, proportionally the all-time best-selling American title, which catalysed the rebellious demand for independence from Great Britain.”

Common Sense opens with the following paragraph. Continue reading