…my husband, son, daughter-in-law and I celebrated Father ‘s Day with a typical breakfast Austin TX classic that featured “perfect scrambled eggs” (here is the recipe), fresh fruit and mini-bagels,…

…of return (IRR) to assess capital projects? For decades, finance textbooks and academics have warned that typical IRR calculations build in reinvestment assumptions that make bad projects look better and…

A lot going on with the minimum wage lately, but I will contextualize it first with Thomas Piketty’s analysis in Capital in the Twenty-First Century, pp. 308-313. It’s important to…

Yves Smith at Naked Capitalism adds an additional look at the ‘inversion’ process and rationale: Kenneth Thomas has been on this beat at Angry Bear. Here’s a short overview of…

Kenneth Thomas has covered how many state level deals to entice private companies are bad deals, including sports stadiums, as ‘job creators’ extol their own virtues. Run has covered the…

Thomas Piketty’s (CV) Capital in the Twenty-First Century is the most important book on economics published in this century. The book has made a huge splash, and drawn the ire…

Part 3 of Thomas Piketty’s Capital in the Twenty-First Century is the longest section of the book (230 pages out of 577), providing his analysis of inequality at the level…

We now come to the exciting conclusion of Thomas Piketty’s monumental work, Capital in the Twenty-First Century. This is not an exaggeration: the final part of the book contains findings…

Thomas Piketty’s Capital in the Twenty-First Century is the first book to make a data-driven examination of economic inequality. Based on hundreds of years worth of data, it attempts to…

…is even more unlikely with a greater probability of sliding backwards. “Understanding Mobility in America,” 2006 Thomas Hertz Hat Tip: Digsby at Hullabaloo toon ‘o the week American Dream Game…