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american economics association

Piketty's Big Data (tags)

The empirical-historical analysis of the top incomes and their wealth are in the center with Thomas Piketty's "Capital" (2014). The share of the top 10% was never below 60% from 1917 to 2012. A wealth tax is vital to reverse the exploding inequality.

Economists Rediscover the Distrribution Question (tags)

Higher taxes for the rich-traditionally a horror to liberal economists-appear in a new light as state transfers to poorer sectors. Those richer than 95% pocket around 20% of the total income. It was less than half as much at the end of the 70s.

A Will for Change: New Economic Thinking (tags)

Since economic thinking shapes the world, we can't leave economists alone to putter with their theories. Too many of them hung up their thinking caps the moment they got their degrees, and stopped looking out the window.

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