Americans are fed up

Americans are fed up and fighting back. Seen in isolation, the Fight for $15, Black Lives Matter, the climate-justice movement, the immigrant-rights movement, the campaign for a financial-transactions tax, and the renewed push for single-payer healthcare may seem like unrelated causes. Taken together, they form a rising chorus of outrage Read more…

Are We Entering The Bullwhip Curve?

The Economist took on a recent Oxfam publication which predicts that the 1% will own half of the world’s wealth by 2016.  (The chart on the left below shows the Oxfam forecast.)  The article in The Economist admonishes the Oxfam pub for their choice of dates (2010-2014) in projecting the trend, stating that starting instead in the year 2000 would push the milestone out to 2035. (Some solace.) (more…)

The FT Digs in on Piketty

Given the responses of many respected sources, Chris Giles’ review of Piketty’s data has raised some relevant questions about methods and potential errors, but the consensus seems to be that the claims he made were well overstated. (I’m far from being an economist, so I’ll stay out of that fray.) Given the near consensus response to Giles’ article, I was surprised to see the FT double-down this morning.
Here’s a bit of that article wherein Martin Feldstein, Harvard economist and President Emeritus of the National Bureau of Economic Research, expressed his concerns with Piketty’s work:

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2013: The Year in Review

Flickr/cobalt123

Here are a handful of my favorite posts from the past year.  It’s a bit of a mixed bag (peaks and valleys and whatnot).  I hope you’ll find something of value — much more to come in the new year.

Thanks for stopping by!

  1. ON THE DEATH OF LABOR

My thoughts on inequality in the context of H.G. Wells’ “The Time Machine.” (If you’re wondering why I’m always muttering about Morlocks and Eloi…) (more…)