The war against the fall of national wealth.
The NHS tells us that sugary sweets are bad for us, but Jacqueline Mars Marss heiress, $23.4bn) and Maria Franca Fissolo Ferreroo heiress, $22.1bn) may disagree (Forbes reveals fall of £50bn in wealth of world's top 20, 3 March).
While Asia's moribund markets are having an obvious effect on the ability of new companies to raise financing, it remains unclear how long prices can fall before the destruction of wealth affects consumer spending, bank lending and corporate investment.
In effect, then, our subject's marginal utility of wealth falls as his wealth rises, and rises as his wealth falls, at a rate of around 10% for every change of $21.
Between 1930 and 1970, the concentration of wealth falls considerably; then, it starts to rise again, and keeps rising.
Their share of wealth fell to less than 30% in 2018, down from more than 35% in 1989 (see figure above).
The Dow's fall illustrates the rapid destruction of wealth in the stock market during the financial crisis.
The highest percentage of households fall at the lower levels of wealth, but at the higher end, the curve drops off relatively slowly, displaying Pareto's "fat-tailed" pattern.
It's important to keep in mind that women didn't just happen to fall behind men in terms of wealth; rather, strong social and political forces have put barriers to women's wealth building.
The population in and around Jérémie is disproportionately disadvantaged; in the surrounding Grand-Anse Department, fully half of the population is estimated to fall in the lowest quintile of wealth for Haiti (compared to 31% in the South East Department, where Jacmel is located) (23).
