Attention Economy


Tuesday, March 10, 2015

Income Inequality in the US

Jill Lepore on inequality in the US (the article also reviews recently published books such as: “Our Kids: The American Dream in Crisis” by Robert Putnam, and “Inequality: What Can Be Done?” by Anthony Atkinson):
http://www.newyorker.com/magazine/2015/03/16/richer-and-poorer

Professor Lepore notes:
“Numbers men are remote and cold of heart, Dickens thought. But, of course, the appeal of numbers lies in their remoteness and coldness. Numbers depersonalize; that remains one of their chief claims to authority, and to a different explanatory force than can be found in, say, a poem. “Quantification is a technology of distance,” as the historian of science Theodore Porter has pointed out. “Reliance on numbers and quantitative manipulation minimizes the need for intimate knowledge and personal trust.” It’s difficult to understand something like income inequality across large populations and to communicate your understanding of it across vast distances without counting. But quantification’s lack of intimacy is also its weakness; it represents not only a gain but also a loss of knowledge.”

Update:

Are Larger Firms to Blame for Rising Inequality?