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Moving On

by on April 23, 2014

We now live, whether we have grasped that fact or not, in a post-Piketty era. This will seem silly to many of you who have [more…]

Quote of The Day #7

by on April 21, 2014

"When the preferences of economic elites and the stands of organized interest groups are controlled for, the preferences of the average American appear to have [more…]

Paradigm Lost?

by on April 16, 2014

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…]

Capital: Piketty and Such

by on April 15, 2014

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…]

Class Based Economics

by on April 14, 2014

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…]

Score Two For The Plutocrats

by on April 2, 2014

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…]

Quote of the Day #6: Reformist Economics

by on March 31, 2014

"... 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 Lessons

by on March 17, 2014

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…]

Federal Deficit

by on February 27, 2014

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…]


by on February 27, 2014

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…]