Saez And Zucman’s Failure On Wealth Inequality
For aficionados of how the world is going to pot, the plutocrats are just sucking it all up, a correction to the Saez and...
We Must Get The Employment Effect Of Technology Right
From Our Swindon Correspondent:
No, This Simply isn't Right
From The Guardian
We have now lived through what one might call Automation 1.0. The paradigmatic example is...
So How Much Should Capital Get? How Much Labour?
This is a useful example of how not to do economics. The set up is, well, labour should get how much of everything? Capital?...
Rich People Demand They Are Taxed More – And Fail To Pay More Tax...
A certain group of rich people over in the United States has demanded that there be a wealth tax. That they themselves should be...
That The Privately Educated Dominate The Top Jobs
From our Swindon Correspondent:
The BBC tells us that:
A social mobility charity says top professions in the UK are still unduly dominated by people...
The Confusion Of The Modern Left
Economics isn't everything of course but when we're discussing the structure of the economy it's pretty much everything. Which makes the British left rather...
It’s All Satisfacting And Rules Of Thumb With Human Beings
The complaint that we're not fully rational in our market interactions is entirely true. We don't sit down and calculate everything, we don't do...
The More Complicated Trade Gets The More Costly A Trade War
Much international trade is now in "intermediate" goods, rather than finished or raw materials. This globalisation of the value chain makes trade wars far...
We Really Don’t Measure Wealth Properly
It's the Americans who are really going overboard about wealth inequality, here in the UK the polemicists are still warming up. We're rather more...
If Only The Guardian Employed An Economist – Instead Of Richard Partington
Richard Partington is the economics correspondent for The Guardian. True, he's a step up from that bird who ended up at Mashable, but still.
Richard...