I often start the first-year managerial economics classes I teach by showing a graph to my MBA students (see below). It shows that in 1951, middle-income Indians (from the middle 40 th percentile, ...

Paul Constant is a writer at Civic Ventures and the cohost of the "Pitchfork Economics" podcast. He spoke with professor Oded Galor, who wrote a book about the history of wealth inequality. Galor said ...