The US Inequality Debate

Brad DeLong makes the definitive summary of the positions and evidence being put forward about inequality in the US of A. This is the blog-o-sphere at its best: real-time expert debate, in this case among top American economists – and in full public view, contributions welcomed, rather than in a classroom at an academic conference, much less a dated collection […]

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Another Statscan error, a big one

On the front page of today’s Globe and Mail, it was reported that Statistics Canada’s estimates of the Consumer Price Index had been miscalculated by a weany one-tenth of a percentage point since 2001. I know of a more pressing problem with Statscan data, and so do they: conventional surveys are vastly understating the incomes of the poorest Canadians, and […]

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Luck, ability and income tax policy

A old NY Times column by economist Hal Varian, recussitated by Brad DeLong: … Those who argue for a more progressive income tax emphasize equity: a tax dollar paid by a rich person causes less pain than a tax dollar paid by a poor person. Those who argue for a less progressive system emphasize efficiency: the most productive people should […]

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The Distorted Priorities of Mainstream Economics

Writing in the Toronto Star (link lost), economists Arthur Donner and Doug Peters reflect on economics, employment and inequality: The Distorted Priorities of Mainstream Economics Arthur Donner and Douglas Peters, May 2006 There has been a monumental shift in mainstream economics over the past forty years. When we studied economics in the 1960s, economists and public officials who had an […]

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