Jared Bernstein “didn’t think [Mankiw] made much of a case” in his defense of inherited wealth: In fact, in an article based on nervousness over a wealth or inheritance tax—they’re not the same thing but their differences are not germane to what follows—there was a conspicuous lack of any discussion of such taxes in practice. As with … Continue reading Inherit The Windfall, Ctd
Later this month, the Whitney will unveil its major retrospective on Jeff Koons. In a profile, Ingrid Sischy notes that, for an artist whose auction sales totaled $177 million in the last year, Koons seems to care little about cash: Barbara Kruger, the artist whose unsentimental pronouncements have been cutting to the chase about the … Continue reading Koons In The 21st Century
As popular as Piketty is here all of a sudden, he’s pretty passé in his home country: Although Amazon.fr now puts [Capital in the 21st Century] at the top of its current best-selling books, it did not feature at all in the top 100 in 2013 and did not grab headlines when the 970-page French version came out in August last … Continue reading America’s Favorite New Frenchman
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?
Earlier this month, Ryan Avent examined Thomas Piketty’s new book, Capital in the Twenty-First Century, which Tom Edsall unpacked this week: What Mr Piketty conveys most powerfully, in my opinion, is the fact that economics was once centrally concerned with the question of distribution. It was impossible to ignore in the 19th century! Not least because economists of … Continue reading The Money In Wealth
If you don’t follow Tom Edsall’s columns in the NYT, you’re missing some of the best deep-dive policy pieces on the web. When Ezra Klein speaks of integrating context into news, it sounds a little luftmenschy in the abstract. But Edsall does it all the time in a simple column. His latest is a must-read … Continue reading Chart Of The Day
