@@ -24,7 +24,7 @@ In this section we
2424### Some history
2525
2626Many historians argue that inequality played a key role in the fall of the
27- Roman republic .
27+ Roman Republic .
2828
2929After defeating Carthage and invading Spain, money flowed into Rome and
3030greatly enriched those in power.
@@ -35,7 +35,7 @@ periods, diminishing their wealth.
3535The resulting growth in inequality caused political turmoil that shook the
3636foundations of the republic.
3737
38- Eventually the Roman republic gave way to a series of dictatorships, starting
38+ Eventually the Roman Republic gave way to a series of dictatorships, starting
3939with Octavian (Augustus) in 27 BCE.
4040
4141This history is fascinating in its own right, and also because we can see some
@@ -97,8 +97,8 @@ We suppose that the sample $w_1, \ldots, w_n$ has been sorted from smallest to l
9797
9898To aid our interpretation, suppose that we are measuring wealth
9999
100- * $w_1$ is the wealth of the poorest member of the population
101- * $w_n$ is the wealth of the richest member of the population
100+ * $w_1$ is the wealth of the poorest member of the population and
101+ * $w_n$ is the wealth of the richest member of the population.
102102
103103The curve $L$ is just a function $y = L(x)$ that we can plot and interpret.
104104
@@ -347,7 +347,7 @@ between $0.2$ and $4$.
347347
348348In each case we set $\mu = - \sigma^2 / 2$.
349349
350- This implies that the mean the distribution does not change with $\sigma$.
350+ This implies that the mean of the distribution does not change with $\sigma$.
351351
352352(You can check this by looking up the expression for the mean of a lognormal
353353distribution.)
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