Today, the world’s population is, on average, about 20 times richer than it was during the long Agrarian Age. Between 7000 BC and AD 1500, resources were scarce, technological progress was slow, and M ...More
EJ Insight2017-03-06
The US Federal Reserve is increasingly at risk of losing credibility – and for good reason. As Narayana Kocherlakota, former president of the Federal Reserve Bank of Minneapolis, recently argued, Fed ...More
EJ Insight2016-06-01
One does not need to be particularly good at hearing to decipher the dog whistles being used during this year’s election campaign in the United States. Listen even briefly and you will understand that ...More
EJ Insight2016-04-01
The conclusion that America has become vastly more unequal over the past 35 years is beyond doubt. Since 1979, the pattern has been clear: The richer you were, the far richer you have become. And if y ...More
EJ Insight2014-11-26
For decades, people have been predicting how the rise of advanced computing and robotic technologies will affect our lives. On one side, there are warnings that robots will displace humans in the econ ...More
EJ Insight2014-10-06
The best review of Thomas Piketty’s "Capital in the Twenty-First Century" that I have read so far is the one published by my friend and frequent co-author Lawrence Summers in Michael Tomasky’s journal ...More
EJ Insight2014-06-09
In the online journal The Baffler, Kathleen Geier recently attempted a roundup of conservative criticism of Thomas Piketty’s new book "Capital in the Twenty-First Century". The astonishing thing to me ...More
EJ Insight2014-05-12
