Many individuals helped construct neoclassical economics, often with financial support from the robber barons and their successors. I will focus on two: in the United States, John Bates Clark (18...
https://inequality.org/research/pikettys-model-inequality-growth-historical-context-pt-2-2/
In Thomas Piketty’s doomsday model, slowing of growth in the twenty-first century will cause an inexorable increase in inequality. Piketty is not the first to propose a grand model of inequalit...
https://inequality.org/research/thomas-pikettys-model-inequality-growth-historical-context-part/
If you give a dollar to a middle class family, that family will spend that dollar in the local economy and spur growth. The post Why Middle Class Tax Cuts Lead To Economic Growth appeared firs...
The California Constitution says the water belongs to the people. Yet the state gives water almost free to agriculture--resulting in enormous waste and dire "shortages" during droughts. If the st...
https://inequality.org/research/water-californias-water-crisis/
Back when I studied economics, we "proved" in class that a minimum wage causes unemployment. But that proof depends on assuming a perfectly competitive market. Big low-wage employers like Wal-Mar...
https://inequality.org/research/increasing-minimum-wage-create-jobsif-enforced/
The new Congressional Budget Office report projects that the Affordable Care Act will lead to a decline in full-time equivalent workers of 2.5 million. This is people voluntarily deciding to work...
https://inequality.org/research/affordable-care-act-raise-wages/
We already have the technology necessary to attain a decent, sustainable lifestyle — technology that can create more and better jobs. The post Sustainability Squared appeared first on Inequa...
QE is supposed to stimulate the economy by encouraging investment with low interest money. That hasn't happened, but why? Does no one want to borrow, or do banks not want to lend? The post What...
https://inequality.org/research/whats-crippling-recovery-lack-investment-demand-toobigtolend-banks/
To reduce carbon emissions, we must tax fossil fuels—but, say the pundits, we can’t do so because the tax would be regressive, clobbering the poor. In general, sales taxes are indeed regressi...
https://inequality.org/research/taxing-carbon-taxing-diamonds/
Detroit’s property tax base, diminished and badly-assessed, could still fund a renewal if Michigan would only read its history and find the political will. The post How a Progressive Tax Syst...
https://inequality.org/research/progressive-tax-system-detroit-powerhouse/