Global Economics

A Nobel Economist's Sensible Solution to Inequality

Yale's Robert Shiller hesitantly offers up some of his ideas in a televised forum in Davos

Robert Shiller

Photographer: Chris Rank/Bloomberg

Soft-spoken economist Robert Shiller was overshadowed today in a televised debate on inequality in Davos that pitted an African woman in traditional garb against a pair of European captains of industry in business suits. But it was Shiller, the Nobel laureate from Yale University, who had the best idea for narrowing the yawning gap between rich and poor--his own brand of financial engineering.

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