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Mark Buchanan

For Mark Buchanan's latest contributions to The Japan Times, see below:

May 9, 2014

Beware of economists who hide assumptions

There's nothing wrong with making crazy economic assumptions to help get your mind around something. The deception comes in claiming that your conclusions have real-world relevance when the assumptions are nuts.

Feb 8, 2014

Is wealth inequality near a tipping point?

Today's vast wealth inequality probably isn't the result of any economic conspiracy, or of vast differences in human skills. It's more likely the banal outcome of a fairly mechanical process that, unless altered, could easily carry us into a place where most of us ...