Discuss how the differences between the countries in income can help explain the differences between individual incomes.

Our Recommended Readings this week includes a look at Chile and Venezuela (Links to an external site.)Links to an external site..

  • Discuss how free markets help explain the different experiences in those countries.
  • Be sure to include a discussion of how Thomas Piketty might view these differences.
  • Discuss how the differences between the countries in income can help explain the differences between individual incomes.