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Register a new userIncome Inequality in the 21st Century -- A biased summary of Pikettys Capital in the Twenty-First Century
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Authors
Dietrich Stauffer
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Capital usually leads to income, and income is more accurately and easily measured. Thus we summarize income distributions in USA, Germany, etc.
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Space conditioning, and cooling in particular, is a key factor in human productivity and well-being across the globe. During the 21st century, global cooling demand is expected to grow significantly due to the increase in wealth and population in sunny nations across the globe and the advance of global warming. The same locations that see high demand for cooling are also ideal for electricity generation via photovoltaics (PV). Despite the apparent synergy between cooling demand and PV generation, the potential of the cooling sector to sustain PV generation has not been assessed on a global scale. Here, we perform a global assessment of increased PV electricity adoption enabled by the residential cooling sector during the 21st century. Already today, utilizing PV production for cooling could facilitate an additional installed PV capacity of approximately 540 GW, more than the global PV capacity of today. Using established scenarios of population and income growth, as well as accounting for future global warming, we further project that the global residential cooling sector could sustain an added PV capacity between 20-200 GW each year for most of the 21st century, on par with the current global manufacturing capacity of 100 GW. Furthermore, we find that without storage, PV could directly power approximately 50% of cooling demand, and that this fraction is set to increase from 49% to 56% during the 21st century, as cooling demand grows in locations where PV and cooling have a higher synergy. With this geographic shift in demand, the potential of distributed storage also grows. We simulate that with a 1 m$^3$ water-based latent thermal storage per household, the fraction of cooling demand met with PV would increase from 55% to 70% during the century. These results show that the synergy between cooling and PV is notable and could significantly accelerate the growth of the global PV industry.
Under conditions of market equilibrium, the distribution of capital income follows a Pareto power law, with an exponent that characterizes the given equilibrium. Here, a simple taxation scheme is proposed such that the post-tax capital income distribution remains an equilibrium distribution, albeit with a different exponent. This taxation scheme is shown to be progressive, and its parameters can be simply derived from (i) the total amount of tax that will be levied, (ii) the threshold selected above which capital income will be taxed and (iii) the total amount of capital income. The latter can be obtained either by using Pikettys estimates of the capital/labor income ratio or by fitting the initial Pareto exponent. Both ways moreover provide a check on the amount of declared income from capital.
Z Cam stars are a small subset of dwarf novae that exhibit standstills in their light curves. Most modern literature and catalogs of cataclysmic variables quote the number of known Z Cams to be on the order of 30 or so systems. After a four-year observing campaign and an exhaustive examination of the data in the AAVSO International Database we have trimmed that number by a third. One of the reasons for the misclassification of some systems is the fact that the definition of what a Z Cam is has changed over the last 85 years to what it is today. This has caused many stars formerly assumed to be Z Cams or rumored to be Z Cams to be eliminated from the final list. In this paper we present the results of our investigation into 65 stars listed at one time or another in the literature as Z Cams or possible Z Cams.
The traditional university science curriculum was designed to train specialists in specific disciplines. However, in universities all over the world, science students are going into increasingly diverse careers and the current model does not fit their needs. Advances in technology also make certain modes of learning obsolete. In the last 10 years, the Faculty of Science of the University of Hong Kong has undertaken major curriculum reforms. A sequence of science foundation courses required of all incoming science students are designed to teach science in an integrated manner, and to emphasize the concepts and utilities, not computational techniques, of mathematics. A number of non-discipline specific common core courses have been developed to broaden students awareness of the relevance of science to society and the interdisciplinary nature of science. By putting the emphasis on the scientific process rather than the outcome, students are taught how to identify, formulate, and solve diverse problems.
Physical science has changed in the century since Lord Kelvins celebrated essay on Nineteenth Century Clouds over the Dynamical Theory of Heat and Light, but some things are the same. Analogs in what was happening in physics then and what is happening in astronomy today serve to remind us why we can be confident the Virtual Observatory of the twenty-first century will have a rich list of challenges to explore.
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