Tag: Income disparity

When the Middle Class Lost Its Wealth

By Moritz Schularick, Professor of Economics, University of Bonn. Originally published at the Institute for New Economic Thinking We live in unequal times. The causes and consequences of widening disparities in income and wealth are a defining debate of our age. Recent research by Thomas Piketty and his co-authors has […]

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Everything You Thought You Knew About Western Civilization Is Wrong: A Review of Michael Hudson’s new book And Forgive Them Their Debts

By John Siman To say that Michael Hudson’s new book And Forgive Them Their Debts: Lending, Foreclosure, and Redemption from Bronze Age Finance to the Jubilee Year (ISLET 2018) is profound is an understatement on the order of saying that the Mariana Trench is deep. To grasp his central argument […]

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Gaius Publius: Amazon Rips Off 238 Cities, States and Provinces, Then Builds in NYC and DC

By Gaius Publius, a professional writer living on the West Coast of the United States and frequent contributor to DownWithTyranny, digby, Truthout, and Naked Capitalism. Follow him on Twitter @Gaius_Publius, Tumblr and Facebook. GP article archive  here. Originally published at DownWithTyranny Andrew Cuomo’s priorities (source) The world’s leading monopolists, Jeff […]

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Trump and the Midterms: Is It Not The Economy, Stupid?

By Barkley Rosser, Professor of Economics at James Madison University in Harrisonburg, Virginia. Originally published at EconoSpeak On many Mondays I indulge in taking Robert J. Samuelson to task after his regular Washington Post column of the day.  Today he was almost right, or if you prefer, even mostly right.  […]

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AOC Rental Woes a Reminder of Worsening Conditions for Workers

The media coverage of the fact that Alexandria Ocascio-Cortez can’t yet move to Washington because she can’t afford to rent an apartment is another Versailles circa 1788 moments. Washington has so long been expensive that even before working-class AOC stormed the barricades there have long been stories of Congresscritters who […]

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The Super Rich Get Even Richer

By Paul Rogers, professor in the department of peace studies at Bradford University, northern England. He is openDemocracy’s international security adviser, and has been writing a weekly column on global security since 28 September 2001; he also writes a monthly briefing for the Oxford Research Group. His latest book is Irregular War: ISIS […]

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Cryptocurrencies: Financial (In)stability and (Un)fairness

By Jon Danielsson, Director of the ESRC funded Systemic Risk Centre, London School of Economics. Originally published at VoxEU Cryptocurrencies are controversial.  Advocates see them as a better form of money that imparts freedom, useful economic functions, fabulous riches and hedges against bad government policies. The sceptics worry about investor protection […]

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From Brothels to Independence: The Neoliberalization of (Sex) Work

Yves here. Further confirmation that the gig economy is not what it is cracked up to be. Sex workers in the UK have less privacy, lower returns, and much less safety in the days of online platforms than they did when brothels dominated the profession. By Ava Caradonna, a migrant, […]

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Gaius Publius: Why Is Thomas Frank Puzzled?

By Gaius Publius, a professional writer living on the West Coast of the United States and frequent contributor to DownWithTyranny, digby, Truthout, and Naked Capitalism. Follow him on Twitter @Gaius_Publius, Tumblr and Facebook. GP article archive  here. Originally published at DownWithTyranny A Bernie Sanders event in Madison, Wisconsin during the 2016 Democratic Party primary I […]

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Puerto Rico: 1427 Hurricane Maria Deaths

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. The government of Puerto Rico finally acknowledged in Transformation and Innovation in the Wake of Devastation,a report posted online and filed with Congress Wednesday, that an additional 1427 people died in the four months […]

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Empires, Past and Present

By Joseph Joyce. Originally published at Angry Bear Economists rarely write about “empires,” unless they are referring to historical examples such as the Roman empire. But Thomas Hauner of the Federal Reserve Bank of Minneapolis,  Branko Milanovic of the Graduate Center of City University of New York and Suresh Naidu of Columbia University have presented a study […]

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When Social Policy Saves Lives: Analyzing Trends in Mortality Inequality in the US and France

By Janet Currie, Henry Putnam Professor of Economics and Public Affairs and Director of the Center for Health and Well Being, Princeton University, Hannes Schwandt, Assistant Professor, Department of Economics, University of Zurich and Josselin Thuilliez, Research Professor of Economics, CNRS and Panthéon-Sorbonne University. Originally published at VoxEU Understanding how inequalities in health are related […]

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Misperceptions About Immigration and Support for Redistribution

By Alberto Alesina, Professor of Political Economy, Harvard University, Armando Miano, PhD student in Economics, Harvard University, and Stefanie Stantcheva, Professor of Economics, Harvard University. Originally published at VoxEU The debate on immigration is often based on misperceptions about the number and character of immigrants. The column uses data from surveys in six countries to […]

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Taxcast: A Firewall to Protect EU Citizens from the Big Four Accountancy Firms and the Tax Avoidance Lobby

Originally published at the Tax Justice Network In the July 2918 Taxcast: we look at a proposal for a firewall to protect EU citizens from the Big Four accountancy firms and the tax avoidance lobby: we look at a new report from the Corporate Europe Observatory we discuss UN Special Rapporteur on Extreme Poverty and […]

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The Middle Precariat: The Downwardly Mobile Middle Class

By Lynn Parramore, Senior Research Analyst at the Institute for New Economic Thinking. Originally published at the Institute for New Economic Thinking website It wasn’t supposed to be like this. The children of America’s white-collar middle class viewed life from their green lawns and tidy urban flats as a field of opportunity. Blessed with quality […]

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Michael Hudson: Argentina’s New $50 Billion IMF Loan Is Designed to Replay its 2001 Crisis

Yves here. In this Real News Network interview, Micheal Hudson explains why IMF “programs” inevitably hurt workers. SHARMINI PERIES: It’s The Real News Network. I’m Sharmini Peries, coming to you from Baltimore. For several months now. Argentines have been taking to the streets to protest against neoliberal austerity measures of President Mauricio Macri. The most […]

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America’s Subprime Economy

An important story in Reuters (hat tip Scott) described how the current expansion, in a break with the past two decades, depends on the spending of lower-income households, and that spending in turn is heavily dependent on rising debt levels. The bottom line is that the last two years of growth were brought to you […]

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Economy of Intangibles

By Silvia Merler, an Affiliate Fellow at Bruegel and previously an Economic Analyst in DG Economic and Financial Affairs of the European Commission. Originally published at Bruegel Economists have been discussing the implications of the rise of the intangible economy in relation to the secular stagnation hypothesis, and looking more generally into the policy implications […]

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Don Quijones: Multiyear, Job-Creating, Mass-Tourist Boom in Spain Runs Out of Steam

By Don Quijones of Spain, the UK,and Mexico, and editor at Wolf Street. Originally published at Wolf Street One of the main motors behind Spain’s recent economic recovery, foreign tourism, is beginning to splutter. After years of two-figure year-on-year growth, the number of foreign visitors to Spain in the first five months of 2018 grew by […]

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Gaius Publius: Facebook Launches TV News Feed; Fox News Prominently Featured

Yves here. I feel compelled to clear up a point of confusion as to what the term “money laundering” means. It has been routinely misapplied regarding sales of Trump real estate. While most people informally regard money laundering as getting the proceeds of non-kosher activity, like drug dealing, into some sort of holding well removed […]

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The National Insecurity State and the United States of Inequality

By Rajan Menonm, a TomDispatch regular, is the Anne and Bernard Spitzer Professor of International Relations at the Powell School, City College of New York, and Senior Research Fellow at Columbia University’s Saltzman Institute of War and Peace Studies. He is the author, most recently, of The Conceit of Humanitarian Intervention. Originally published at TomDispatch. […]

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