The Seven Cardinal Virtues of Equitable Growth
Thomas Piketty and Gabriel Zucman: Capital is Back: Wealth-Income Ratios in Rich Countries 1700-2010: Noted

Noted to Aid Your Lunchtime Procrastination for September 20, 2013

  1. "Mr Bernanke must take his fair share of blame for bungling communication": Financial Times: Fed gets it right but says it wrong
  2. "If Latvia really was as hugely over capacity as they claim… it represents a more-or-less unique case. And arguing that Latvia was vastly over capacity in 2007 has another, perhaps surprising implication: it makes much of the debate over both austerity and internal devaluation moot": Paul Krugman: Latvian Adventures
  3. "Raghuram Rajan, the new governor of the Reserve Bank of India, struck a firmly hawkish pose on Friday with a surprise 25 basis point increase in the bank’s repo interest rate to 7.25 per cent, confounding a consensus prediction of no change": Jonathan Wheatley: Raghuram Rajan smells the onions
  4. "Melissa Kearney of the University of Maryland will succeed Michael Greenstone as director of The Hamilton Project, and Benjamin H. Harris, currently affiliated with the Urban Institute, will succeed Adam Looney as policy director": The Hamilton Project | Brookings Institution
  5. "Californians are generally supportive of a pathway to citizenship… overwhelmingly so for those who were brought into the country as children and might be covered under the Dream Act. But substantial majorities in both parties also said it was 'extremely important' that illegal immigrants offered a pathway to citizenship be able to pass an English test and demonstrate a history of steady work. Californians prefer to include in the country those who contribute to the economy and who 'fit in': Jack Citrin: On immigration: A pathway to citizenship, with conditions
  6. "It also gets at the dangerous temptation to be cautiously 'sophisticated' when it comes to pursuing our ideals, and so I think it carries a lesson": Fred Clark: Be wise as serpents and innocent as doves

And:

Plus:

Short:

Villa Cornaro | Moscato del Veneto |

Long:

Olivier Blanchard, Mark Griffiths and Bertrand Gruss: Boom, Bust, Recovery: Forensics of the Latvian Crisis | Elizabeth U. Cascio and Diane Whitmore Schanzenbach: The Impact of Expanding Access to High-Quality Preschool | Michael W. L. Elsby, Bart Hobijn, and Ayşegül Şahin: The Decline of the U.S. Labor Share |

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