Thomas Piketty’s Capital famously uses the 19th century bourgeois novel – Austen and Balzac especially – to give a sense of what life was like in that previous age of inequality. Stephen Marche finds that he could have done the same for our own day, noting that the processes the economist describes “have already been … Continue reading The Literary Piketty
As the econobloggers dig into Piketty’s Capital in the 21st Century, Felix Salmon notices a consensus emerging: The many reviews of Piketty’s book are surprisingly unanimous on one point: that the weakest part of the book is the final part, where Piketty moves away from diagnosis and starts attempting to formulate a solution. Piketty’s rather French idea of … Continue reading A Global Tax On The Super Rich? Ctd
The debate over Piketty’s Capital in the 21st Century continues to rage throughout the blogosphere. Weissmann thinks it will be the millennials’ liberal manifesto: Conservatives have long had an easy framework for their economic ideas: The free market cures all. Liberals, instead of nebulously arguing that they’re fighting for the middle class, now have a touchstone that clearly argues … Continue reading A Global Tax On The Super Rich? Ctd
Here’s a good six-minute primer on Piketty’s new book and the progressive praise for it: The full transcript of Krugman’s interview is here. Ryan Avent, also a fan of the book, fisks Clive Crook’s critique of Capital in the Twenty-First Century. His broader view: Why do we care about inequality? We care about it because we are human, and … Continue reading A Global Tax On The Super Rich? Ctd
French economist Thomas Piketty, author of Capital in the Twenty-First Century, just released the English edition of the book, previously covered on the Dish here and here. In a companion post, Piketty puts forth his panacea to “the world’s spiralling levels of inequality”: The ideal solution would be a global progressive tax on individual net worth. Those who are just getting … Continue reading A Global Tax On The Super Rich?