Peter Klein talks about inequality—how people are different, what determines income and wealth on the free market, why elites are so excited about Thomas Piketty's new book on capital, and how attempts to reduce aggregate inequality through progressive taxation are fraught with difficulty.
Thomas Piketty has written a popular economics book and serves up the same short-sighted, destructive policies.
There’s austerity in France, but it’s only austerity for the people while the state feasts on ever-increasing taxes.
Recent research has shown that the United States government functions to benefit wealthy interests while ignoring the average citizen.
Mainstream economics often invokes vague and unquantifiable concepts like animal spirits to explain how economies work.
Rifkin misses the mark because he ignores Menger’s theory of value and the role of the entrepreneur.
Having neatly dispatched Rawls, Chartier goes on to offer a strong defense of market anarchy.
The overarching pervasiveness of wealth effect acceptance is not wholly surprising, for it is a perfect blend of the Monetarist and Keynesian Schools.
In the absence of prices, could a central planner efficiently run an economy?
It isn't in the nature of government to cut back on any of its programs, projects, legislation, taxes, you fill in the blank.
