24 April 2014

Haiku of the Day

Piketty tops charts! / Inequality’s mainstream! / Now–ambivalence.

Quote of the Day

“A long-run fall in the rate of interest would do much to stimulate private investment, while an extension
of public investment could make up for its deficiencies, and a drastic policy of redistribution of income
would increase consumption, and reduce the amount of investment necessary to preserve a reasonable level of employment. All these policies meet with serious difficulties and have to contend with violent
opposition, and it remains to be seen whether it is possible for the present economic system to adapt itself to the requirements of the future.”–Joan Robinson, Introduction to the Theory of Employment, 1937

Links of the Day

Matt Yglesias of Vox talks about Piketty

Deep observations on Piketty by Thomas Palley

Fivethirtyeight finds that fewer high school graduates are going to college

Bloomberg News: GE using its giant pile of accumulated profits sitting overseas to purchase France’s Alstom

Piketty’s “Capital” is a huge hit!

Piketty, Krugman, Stiglitz, and Durlauf on Piketty (Video posted on Economist’s View)



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