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Technology, the One Percent and Happiness
One of the central themes of this blog is the pressure that low, zero or negative growth places on economic and social institutions. Technology, however, appears to be ramping up the pressure on these...
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One Percentism
Since the 2008 financial crisis, we have seen a flurry of interest over the issue of inequality. Most recently, Thomas Piketty’s book “Capital in the Twenty-First Century” has drawn a lot of...
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Chart of the Day, 19 Jan 2015: The 1% and the 0.1%
Forget the 1%–mere peasants–the real wealth lies with the 0.1%. From a study late last year by Emmanuel Saez and Gabriel Zucman (click for larger image): Note we are talking about wealth. This is...
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Chart of the Day, 21 Jan 2015: Summer’s Secular Stagnation
I’m taking my charts today from the just-published Report of the Commission on Inclusive Prosperity, chaired by Larry Summers and Ed Balls. Summers, one of the highest profile economists in the world,...
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