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21-Oct-2019 12:16

When Jeff Bezos or Warren Buffett walks into a room, the Gini coefficient of the room shoots up.

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During a recession, a significant decline in economic activity spreads across the economy and can last from a few months to more than a year.

The inequality between rich and poor, and its causes and remedies, are discussed ad nauseam in public policy debates, campaign platforms, and social media screeds.

However, the relentless focus on inequality among politicians is usually quite narrow: they tend to consider inequality only in monetary terms, and to treat “inequality” as basically synonymous with “income inequality.” There are so many other types of inequality that get air time less often or not at all: inequality of talent, height, number of friends, longevity, inner peace, health, charm, gumption, intelligence, and fortitude.

If we think of dating in this way, we can use the analytical tools of economics to reason about romance in the same way we reason about economies.

One of the useful tools that economists use to study inequality is the Gini coefficient.

If women all find every man equally attractive, the male dating economy will have a Gini coefficient of zero.



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