Interesting Items - Sept 30

Why pay inequality in the scientific fields is a good thing
https://www.scientificamerican.com/article.cfm?id=pay-inequality-makes-for-better-science
(In fact, it is one of the main reasons why the US attracts the best talent from around the world. Lesson for the rest of the world: you cannot treat highly talented people like everybody else and expect them to stick around)

Richard Thaler offers a US income tax fix

http://www.nytimes.com/2012/09/30/business/for-the-wealthy-a-28-percent-tax-solution.html

Germany and France consider Tobin tax

http://www.nytimes.com/2012/09/29/business/global/germany-and-france-join-to-support-tax-on-financial-trades.html

Economics of video games

http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/09/28/the-economics-of-video-games/

A good piece on India’s fresh economic reform push

http://www.bloomberg.com/news/2012-09-25/singh-s-homespun-plea-for-liberalizing-india.html