Economic Growth

Inequality of Opportunity
Economic Polemic, Featured Articles, Political Commentary, Public Policy Reform

Everything You’ve Been Told About Inequality Is Wrong 

Critics of inequality are often accused of pursuing equality of outcome. But what if that criticism misunderstands the argument entirely? This article argues that inequality is not merely a record of past economic performance, but a causal factor that shapes future opportunity, entrepreneurship, social mobility and economic growth. Once inequality is understood as part of the machinery of the economy rather than a scoreboard, the debate shifts from redistribution toward optimisation.

Economics Papers

Why Macroeconomic Models Fail

Modern macroeconomic models assume structural parameters are relatively stable. This paper argues that rising inequality systematically changes those parameters through endogenous feedback loops, rendering conventional VAR and DSGE approaches incapable of accurately forecasting long-run growth. A cellular automata simulation is proposed as an alternative framework for modelling complex adaptive economic systems.

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