The bloody spectre of of the Marikana massacre continues to loom large over the politics of South Africa, for all the evident attempts to push it into the background. And the calls for justice, not only for the families of the dead and the injured of Marikana but for mining communities generally will only grow louder. … Continue reading Terry Bell on Marikana
What will it take to reverse inequality? The Next Systems Project and the Institute for Policy Studies launched a new report outlining a full menu of “interventions” to reduce income and wealth inequality and address some of the systemic drivers of inequality. Read the report here. http://www.ips-dc.org/report-reversing-inequality/. Whilst the report is focused on the United … Continue reading Report: Reversing Inequality
Thomas Piketty’s book Capital in the Twenty-First Century is bestseller. But, according to Marshall Steinbaum the economics profession are ignoring Piketty. Steinbaum writes: But despite Piketty’s resonance with public experience and apparent applicability to the economic environment of global finance, his book was mostly greeted with hostility by the academic economics profession. There was a sense among … Continue reading Pikkety Popular, But Excluded Economist? Maybe, superstar firms?
An important, interesting and accessible article on why we should care about inequality. Three reasons are advanced. From the article Every inequality in the treatment or position of individuals – including inequality in income and wealth – requires understanding and justification, because we are all fundamentally the same. That does not mean we should … Continue reading Branko Milanovic on why should we care about inequality
A new paper by Thomas Piketty, Li Yang, Gabriel Zucman provides an important understanding of inequality in China. Of significance is that the paper provides a "sharp upward revision of official inequality estimates". Below is the abstract, and the paper can be accessed at this link. This paper combines national accounts, survey, wealth and fiscal … Continue reading Chinese Inequality – Upward Revision