The story so far:
Robert Locke asserts that neoclassical economics never attained paradigm status and thus cannot be seen as about to be dethroned from [more…]
I will not pile on any more: the Piketty book is required reading. Enough said.
What strikes me is that his data set is so [more…]
Buried somewhere in the pile of stuff I have accumulated as I think about inequality are these statistics:
Of all the income generated between 2009 [more…]
Wow. What a week for the plutocrats.
First we were given the latest Paul Ryan budget which, predictably, reached its targeted balance by crushing social [more…]
"... the act of judgement that leads scientists to reject a previously accepted theory is always based upon more than a comparison of that theory [more…]
History repeats itself. Cliche. Truth. Or, perhaps, we repeat history. That seems to be the lesson I am learning as I continue to delve into [more…]
What will the Republican party do now?
In case you missed it, we learned today that the Federal deficit has now shrunk back to $680 [more…]
I am preparing a talk on inequality here in America, and so have been re-reading the Piketty and Saez work. Amongst the more eye-opening facts [more…]
A recent correspondent asks whether medicine could act as a template for the importation of ethical standards into economics. On balance I don't think it [more…]
Thank goodness too.
There was some angst amongst left leaning analysts earlier this week because the smoke signals rising from the White House suggested that [more…]