Assets minus debts

Slashdot reports a United Nations study that

the richest 2% of adults in the world own more than half of all household wealth… Most previous studies of economic disparity have looked at income, whereas this one looks at wealth – assets minus debts.

Looks similar to science budgets, yea, yea.


An interview with Richard Münch in Laborjournal 12/2006, p.23 confirms this: 17 out of 100 German universities consume 50% of all funds provided by DFG. He furthermore believes that SFBs and research networks are a kind of ideological framework; projects are not assessed retrospectively; there is an overkill of management costs where a considerable part of third-party funding is used to get more third-party funding.