- Weekend reading* : Does wealth inequality matter for growth?: "The relationship between politically connected wealth inequality and economic growth is negative, while politically unconnected wealth inequality... [has] no significant relationship." :
- Sorry, but Your Favorite Company Can’t Be Your Friend: "Companies try to blur the lines, insinuating themselves into your friend zone..." :: It's not companies that are trying to blur the lines, so much as pro-market ideologues (and I mean that of the extremely-smart Josh Barro in the nicest possible way) trying to draw lines that cannot be sharply drawn... :
- Piketty, in Three Parts: "Piketty['s]... data... confound[s]... previous... wisdom that we didn’t need to worry about inequality. This makes a vast and important social phenomenon... visible, salient and socially undeniable..." :: the best precis of Piketty as both sociological phenomenon and political actor I have yet seen... :
- Thinking About the Liquidity Trap: "fiscal stimulus... [is only] a way of buying time... [absent] assumptions that are at the very least rather speculative..." :: How very closely Krugman's fiscal-policy analysis then tracks Rogoff's analysis today... (1999):
And Over Here:
- Must-Read: Sutirtha Bagchi and Jan Svejnar: Does wealth inequality matter for growth?
- Must-Read: Henry Farrell: Piketty, in Three Parts
- The Archives: December 18
- Must-Read: Josh Barro: Sorry, but Your Favorite Company Can’t Be Your Friend
- Liveblogging History: December 18, 1945: Eleanor Roosevelt
- Live from Aixois: I learned this morning that: (1) 'California' means 'Land of the Caliph'...
- Must-Read: Paul Krugman (1999): Thinking About the Liquidity Trap
Might Like to Be Aware of:
- SAMPLE Mizzou Football's Long, Fraught History With Racism On Campus: "The protests that brought down top officials at the University of Missouri were the culmination of a decades-long rift between black athletes and the school..." :