We economists can be a little bit useful

“We economists can be a little bit useful.”
Gabriel Zucman, an assistant professor at the University of California at Berkeley and the world’s foremost expert on where the wealthy hide their money – makes quite an understatement – not just about his work but also on the impact of Data Assets on economics.
Why do I say this?
Because most of his work is built on analyzing high quality, multi-faceted data on money flows, taxes, wealth, ownership and trade. As stated in this article, his focus has been on “Simple, voluminous spreadsheets compiling the tax tables, macroeconomic datasets, and cross-border-flow calculations of central banks”. Also, he outsources none of this work. Why? Because Gabriel understands something about data, which great chefs swear by…
…Great outcomes are dependent on great ingredients (high-quality data).
What is the larger question, which he wants to answer?
“How to have a meritocratic society when so much of wealth comes from the past.”
Meritocracy, it seems, is dependent no just on current social conditions, but also on present economic policies.

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