Many individuals helped construct neoclassical economics, often with financial support from the robber barons and their successors. French economist Thomas Piketty has proposed a grand model of inequality and growth....
Piketty is not the first to propose a grand model of inequality and growth. In Thomas Piketty’s doomsday model, slowing of growth in the twenty-first century will cause an inexorable...
A middle class family will spend an extra dollar in the local economy and spur growth. A very wealthy family, instead of circulating an extra dollar in the local economy,...
The California Constitution says that the water belongs to the people. In reality, agriculture gets most of the water, free or near-free. It’s sounding again like the drought of 1976-77:...
