Nobel laureate in economics Joseph Stiglitz talks about what forces are driving economic inequality and a policy framework for reversing the trend.
Economic statistics? Evolution? Climate change? If you don’t like the facts, make them up. Or have your benefactors finance “think tanks” filled with hired guns who will tell the public what you and your patrons want them to say. If all else fails, fire experts who tell the truth, and replace them with people who will pronounce falsehoods.
The central bankers and the Ferguson residents would do well to switch places. Ferguson is actually a much better place from which to understand the consequences of the past six years of economic policies.
It's true. The "Communist Manifesto" co-author has gotten a second life — and he has some advice for progressives
Even if you don't work or shop at Walmart, you're living in the Walmart economy. Walmart workers are leading the movement to change it. Join us at: www.WalmartEconomy.com.
“If they can get you asking the wrong questions, they don’t have to worry about answers.” Progressives have all kinds of ideas to shape a more equitable primary distribution. But those ideas will never get much oxygen if we remain voluntary trapped in the cramped debate of a short-sighted economics.
According to a new white paper by Nobel Prize-winning economist Joseph E. Stiglitz, our labyrinthine tax system is encouraging corporations to invest in creating jobs overseas, when unemployment remains doggedly high here at home, while giving US-based multinationals good reason to deprive our treasury of revenues when we should be investing in infrastructure and the American people.
Piketty's central theme is not that inequality of the ownership of wealth is going to skyrocket. The central theme is that the 1% already owns a lot of the capital stock, and the capital stock is going to get gigantic relative to the rest of the economy. Whatever the weakness this meg-tome and mega-best seller, there is no denying - the rich are getting richer, the poor, poorer. (And Piketty is not a Marxist.)
The former Treasury Secretary’s new book shows misunderstanding of the Great Recession’s causes
New from Playing for Change: Words of Wonder / Get Up Stand Up. Unlocking the Cage: A ground-breaking documentary from Chris Hegedus and D.A. Pennebaker. Thomas Piketty's 'Capital' in 3 Minutes. Meet Emily: Tech Demo.
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