Victor Yakovenko: What Causes Inequality? An Econophysics Approach

Welcome to our video series titled “New Economic Thinking.“ The series will feature dozens of conversations with leading economists on the most important issues facing economics and the global economy today. This episode features Institute for New Economic Thinking grantee Victor Yakovenko speaking about his innovative approach to economic inequality. In standard economics, inequality in outcomes is typically attributed to inequality of inputs, for example, from differences in education. Yakovenko thinks about inequality in a different way by extending some ideas from statistical physics.