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Inequality: What Is It and Why Does It Matter? | Economics for People with Ha-Joon Chang

The fight for greater equality has been behind some of the most momentous moments in human history. But since the advent of neoliberalism in the 1980’s, there’s been a view by many economists that inequality is inevitable and any interventions against it are unadvisable. In this eighth lecture in INET’s “Economics For People” series, Ha-Joon Chang explains what inequality is, how we measure it, and why understanding it matters. About “Economics for People”: “It is extremely important for our democracy to function that ordinary citizens understand the key issues and basic theories of economics.” – Ha-Joon Chang Economics has long been the domain of the ivory tower, where specialized language and opaque theorems make it inaccessible to most people. That’s a problem. In the new series “Economics For People” from the Institute for New Economic Thinking (INET), University of Cambridge economist and bestselling author Ha-Joon Chang explains key concepts in economics, empowering anyone to hold their government, society, and economy accountable.