economic inequality

America’s Broken Democracy

Jeffrey Sachs
Project Syndicate
Behind the formal structures of a once-functioning democracy is a political system run by corporate interests with the cynical aims of cutting taxes on the rich, selling weapons, and polluting with impunity. In Trump, they have found a shameless frontman.

Why Are Economists Giving Piketty the Cold Shoulder?

Marshall Steinbaum
Boston Review
Piketty's radical and largely on-target critique of contemporary capitalism, the reviewer says, was mostly greeted with hostility by the economics establishment, when not simply ignored, stonewalling Capital in the Twenty-First Century, so it would not have the impact on economics research agendas that it merits, particularly in explaining inequality — in effect a dead zone in mainstream economic analysis.

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