Archive for the ‘Inequality’ Category

Evidence: Is It Really Overrated?

July 4th, 2014

A few weeks ago, during the evidentiary dustup between Piketty and the FT, I quasi-favorably quoted a Matt Yglesias line re empirical evidence being overrated.  A number of readers were understandably unhappy with that assertion, arguing that they come here to OTE for fact-based analysis based on empirical evidence (with, admittedly, a fair bit a… Read more

Mankiw, Piketty, and Wealth Taxes

June 23rd, 2014

While he acknowledges its diminishingly small probability of occurring, Thomas Piketty’s idea for a global wealth tax falls neatly out of his model wherein wealth accumulation amidst slow growth relentlessly leads to higher inequality. Some have raised objections to the underlying model—it assumes, for example, that the wealthy save rather than spend much of their… Read more

Damn the Dysfunction: Let’s Talk Policy Reform!

June 13th, 2014

We’re apparently more ideologically divided than ever, politics remain horribly gridlocked, there’s deep confusion about where the economy’s headed…so what better time to trot out an ambitious policy agenda?! Obviously, there’s a selection bias in play, but everywhere I turn these days, people are asking me (and, I presume, others like me): what should we… Read more