Renowned investor and Berkshire Hathaway CEO Warren Buffett recently stated in an interview with CNN that the United States is experiencing unprecedented income and wealth inequality and that this damages the overall economy. In the past year, articles in the New York Times, Los Angeles Times, Washington Post and the New Yorker magazine, as well as a book by Columbia University Professor Joseph Stiglitz have all discussed the problem of income inequality.
With media outlets as divergent as Mother Jones and the Wall Street Journal addressing the same topic (albeit from different perspectives), income inequality is much in the news. Well – what are they all talking about? How can we measure income inequality and what impact does this have on the overall economy?
Find out about this important topic on May 21st, 2013 when Clatsop Community College Math Instructor Rich Beveridge presents Gini in a Bottle - The Mathematics of Income Inequality. This talk explores the issues surrounding income inequality and how we measure it. The talk will use graphs to discuss some basic economic statistics related to the concentration of income and the top marginal tax rate, as well as the portion of overall federal revenues that are paid by the corporate income tax. The focus of the talk will be the development and use of the Gini index, a widely quoted measure of income inequality.
This free public presentation will be held Tuesday May 21st, 2013 from Noon – 1:00 p.m. in Columbia Hall Room 219 at Clatsop Community College, 1651 Lexington Avenue, Astoria.
Rich Beveridge has been a Math Instructor at Clatsop Community College since 2004. He holds a BA in French from the University of Virginia, a MEd from Oklahoma City University and BA and MA degrees in Mathematics from the University of Maine.
For more information about this event please contact: Rich Beveridge, 503-338-2332.
CCC Math Instructor Rich Beveridge