Piketty’s Response

Piketty

This is a response to the criticisms - which I interpret as requests for additional information – that were published in the Financial Times on May 23 2014. These criticisms only refer to the series reported in chapter 10 of my book Capital in the 21st century, and not to the other figures and tables presented in the other chapters, so in what follows I will only refer to these series.

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Motives Matter

by Tim Besley and Maitreesh Ghatak As we approach three years since the fall of Lehman Brothers, the incentives that led the financial sector to take on too much risk still exist. This column argues that they will remain so long as governments continue to provide an implicit guarantee that...

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Did anti-regulation lobbying fuel the subprime crisis?

by Deniz Igan and Prachi Mishra Did anti-regulation lobbying fuel the subprime crisis? This column shows that there is a strong relationship between financial industry lobbying and favourable financial regulation legislation. It argues that the financial industry fought, and defeated, measures that might have curbed some of the reckless...

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Take My Wealth, Please (Or Not)

Stop Coddling the Super-Rich | by Warren E. Buffett

The New York Times

Our leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting....

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Krugman on Keynes

by Paul Krugman Keynes’ General Theory is 75 years old. In this column, Paul Krugman argues that many of its insights and lessons are still relevant today, but many have been forgotten. A broad swath of macroeconomists and policymakers are applying old fallacies to today’s crisis. As the nostrums being...

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‘Uncoordinated national policies cannot govern migration’

Migrants arriving by boat on Lampedusa Island, Noborder network by Tito Boeri Lampedusa is a beautiful island closer to North Africa than to Sicily. In the last two months it has been flooded with migrants, mostly coming from Tunisia. The preliminary count is 28,000 arrivals on an island where...

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Welfare for the Rich

Christy Mack and Susan Karches From Rolling Stone: America has two national budgets, one official, one unofficial. The official budget is public record and hotly debated: Money comes in as taxes and goes out as jet fighters, DEA agents, wheat subsidies and Medicare, plus pensions and bennies for that...

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Capital Thinker

From The Chronicle Review: Praising Karl Marx might seem as perverse as putting in a good word for the Boston Strangler. Were not Marx’s ideas responsible for despotism, mass murder, labor camps, economic catastrophe, and the loss of liberty for millions of men and women? Was not one of...

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Masha Tupitsyn
sickert

No one can love anymore because of an overabundance of reaction formation. No one wants to owe anything to their desire(s); to other people’s...

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Hearn1

How could a man born on a Greek island in 1850 be a household name in Japan today? The answer lies in the story...

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kentridge1

Jean Améry titled his renowned book on voluntary death, Hand an Sich Legen – To lay Hands on Oneself. Beyond the argument of Amery...

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letters

Several months ago, I wrote a long letter by hand to a young woman I barely knew. That sounds pretty dubious, if not to...

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Kemmler

In a move that might strike readers as odd, Derrida spends most of these lectures not on the case made by death penalty proponents,...

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proust

Although Charles Kenneth Scott Moncrieff’s translation of À la recherche du temps perdu is considered by many journalists and writers to be the best...

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carpo

It all started with cellphones, a long time ago. No student, and few teachers, would make voice calls from class, but in the early...

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Daniel Bosch
dace-holland

Three of America's most famous poets announced today the immediate availability of new, moderately priced "diffusion lines" based on their celebrated high-end works to...

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Soren_Kierkegaard_i_Corsaren

When Johannes Climacus defines Christianity in the Postscript, he writes:

Christianity is spirit; spirit is inwardness; inwardness is subjectivity; subjectivity is essentially passion, and at...

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gosse1

On May 31, two weeks after his death, and the day before Orlando was sent to the printer, Woolf noted his death as follows:...

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A while back I found an online edition of Anouck Durant and Gilles De Rapper's monograph Ylli: Les couleurs de la dictature.

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noise

OK, I've been outed as a noise nut and it's true. I am crazed by noise. I have to put my fingers in my...

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I, myself, was barely six months old when Twin/Tone put out The Mats’ Let It Be. The day, they say, was Orwellian: Tuesday, October...

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fusion

When Yaweh advanced into Ezekiel in the form of penetration, the four wings of the chariot became instantly erect and bloodshot and then fell...

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