Archive for the ‘Economic Growth’ Category

Dude, Where’s Your Piketty Review??!!

April 19th, 2014

I’m way late in weighing in on Thomas Piketty’s great book “Capital in the 21st Century,” (note the lack of subtitle–I like that–gives the title that much more weight!).  That’s because I’m reading it really slowly but I’m almost done. Why so slow?  In part, because I’m savoring it–it’s a wonderful read, with trenchant insights… Read more

A Striking Picture of Pay and Deregulation in Finance

April 12th, 2014

I’m crunching on a longer piece on “rents” versus merit in US high-end salaries and their role in our uniquely high levels of inequality (“rents” here means being paid above your marginal product, or your individual contribution to your firm’s bottom line). Anyway, for good and I think obvious reasons, a strain of this literature… Read more

Summers on Infrastructure Needs

April 11th, 2014

If there’s something awry in the logic of Larry Summers’ argument here for more infrastructure investment, I certainly can’t see it.  Based on low real interest rates, still high unemployment particularly among blue-collar production and construction workers, and most of all, the need for productivity-enhancing investments in our aging public goods, Larry is very much… Read more