Tools often used around the world to measure inequality, such as the Gini index, can act in unexpected ways in certain situations. This is highlighted by economists F. A. Cowell and E. Flachaire.
Is a wealthy country necessarily a just one? Or must justice come first if prosperity is to follow? Long confined to the realm of moral or institutional debate, this question is now being treated as a fully-fledged economic issue. A recent study by economists shows that justice does more than settle disputes — it also fuels growth.
Public research is often portrayed as a quest for knowledge, while corporate R&D is seen as being driven by market forces. But is this opposition really justified? In a recent study, four economists reveal how a major investment in public laboratories can influence innovation spending across the French industrial sector.