Paul Krugman points out the fallacy of characterizing a group of people as a 47% bloc: people don't stay in the same situation for their whole lives. So a statistical percentage isn't equivalent to a group of actual human beings.
The exact same fallacy is committed by those who divide the country into "the 1%" and "the 99%."
Thursday, September 20, 2012
People and percentages
Tags:
economics,
krugman,
rich and poor,
statistics
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment