Mark Rzepczynski
One of the most dramatic changes in the US over the last 35 years has been the distribution of wealth between the middle class and the top 1%. From a gap clearly in favor of the middle class, the number now puts the top 1% at more than 25% of total wealth. The cause of this gap reversal may be...
Mark Rzepczynski
Should we be surprised by the rise of socialism in the US? No, if you look at the numbers. This is important because changes in the regulatory or tax environment will affect the return on capital, which will, in turn, impact the valuations of all companies. In an already overvalued world, a change...
afinetheorem
Very sad news this week for the economics community: both Oliver Williamson and Alberto Alesina have passed away. Williamson has been in poor health for some time, but Alesina’s death is a greater shock: he apparently had a heart attack while on a hike with his wife, at the young age of 63....
Peter Frase
Some recent discussion on Twitter has me thinking again about one of my longstanding projects, and something I want to do at book length soon: the contradictions of building social democracy. My basic outlook, as described in the linked essay, is that the socialist project must be conceived in...
Peter Frase
What follows resembles remarks I made at an event marking an art exhibition at the Verso Books, to which Kathy Newman kindly invited me. The event took place on the tenth anniversary of the collapse of Lehman Brothers, one of the critical moments in the last great financial crisis. The artwork I...