Video: Piketty, Krugman, Stiglitz, and Durlauf on ‘Capital in the Twenty-First Century’

            “The French economist Thomas Piketty discussed his new book, Capital in the Twenty-First Century at the Graduate Center. In this landmark work, Piketty argues that the main driver of inequality—the tendency of returns on capital to exceed the rate of economic growth—threatens to generate extreme inequalities that stir discontent […]

How Yellen Will Shape the Fed’s QE Exit Strategy

I have a new column: How Yellen Will Shape the Fed’s QE Exit Strategy: After Janet Yellen’s excellent performance before the Senate Banking Committee last Thursday, she will almost surely be confirmed as the next Fed chair.Once she’s confirmed, there are several important issues the Fed must address under her leadership such as improving the […]

French Politics and Economics: Le Pen’s National Front Back on the Scene

Understandably overshadowed by the political melodrama in the US, a second round of a local election in France (Brignoles) resulted in a victory by Le Pen’s National Front.  The Socialist candidate had been summarily defeated in the first found and the Le Pen candidate thumped the UMP candidate 54%-46%.  The Socialists have been weakened by the […]

Why Didn’t the Fed Begin Tapering?

I was supposed to be on Reuters right now discussing the Fed decision, but had technical problems (no sound). Grrr. I was going to give four reasons for the delay. But let me say first that I agree with the decision — as I said yesterday, I didn’t think it was time to begin backing […]

Yellen vs. Summers

Cardiff Garcia: White House wants pushover bubble-watching Fed chair who would be fun to have a beer with during a crisis: That’s our exaggerated (but not too much) reaction to reading Neil Irwin’s column on the reasons that White House insiders are uneasy with Janet Yellen as Fed chair. Roughly, the reasons are that she has demonstrated an […]

Symposium: The Top 1 Percent

Via Tim Taylor, one entry from the symposium: The Top 1 Percent in International and Historical Perspective, by Facundo Alvaredo, Anthony B. Atkinson, Thomas Piketty and Emmanuel Saez: The top 1 percent income share has more than doubled in the United States over the last 30 years, drawing much public attention in recent years. While other […]

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