Understanding Piketty, part 2
…income shatters another comforting standard economic view, that the relative share of capital and labor is fixed. This assumption is built into a workhorse of neoclassical macroeconomic analysis, the Cobb-Davis…
…income shatters another comforting standard economic view, that the relative share of capital and labor is fixed. This assumption is built into a workhorse of neoclassical macroeconomic analysis, the Cobb-Davis…
…of descendants. This prediction receives strong empirical support: The migration distance of those who moved to the US around the turn of the 20th century has risen from explaining only…
…so by a century or so ago. It was also the case that from the beginning Abdel-Wahhab’s views were close to those of advocates of the Hanbali code, who included…
…the twentieth century to form the basis for a thriving middle class and surging democratic union. See Cahuncey DeVega, Historian Nancy MacLean on the right’s ultimate goal: rolling back the…
…to Iceland: Alcoa, formerly the Aluminum Company of America, and another American company, Century Aluminum, have opened factories like this in Iceland, and closed factories in the United States, for…
…Century. In the 80s they were trying, under the new deregulated environment, to create a health insurance vehicle too — that would use their hospital network. Ultimately, they were never…
…the microprocessor in industrial and commercial applications, the mass mobilization of capital and the continuing socio-economic changes wrought by economic changes, the great advances in genetic engineering, the tectonic shifting…
…spoken, in the 20th Century, 76 years ago. The US Constitution was ratified, in the 18th Century, 231 years ago. We are now more than 20 years into the 21st…
…century, chances are that they did so with an eye on exploiting the world outside of Scotland, England, and Europe. Africa was there for the taking. As for the rest…
…of us.“(unquote) I touched somewhat on economics, noting that (quote) “demand-side economics which target ordinary Americans works better to improve their lot. In simple terms, give a wealthy man money…