Policy

The nonpartisan Congressional Budget Office has just released its latest appraisal of America’s income breakdown. Whatever yardstick you use, the CBO shows, the rich are winning. Big. By Sam Pizzigati...

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...

The American economy is growing. It's not roaring, but it's growing, and at a good pace. According to the latest figures from the Bureau of Economic Analysis, real US gross...

Conventional wisdom in Washington and New York is that a US default on its interest payments due to bond investors is unthinkable. Editorial after editorial proclaims that a US default...

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. By Mason Gaffney and Polly Cleveland...

It was the perfect “natural experiment:” in April 1992, New Jersey’s minimum-wage was scheduled to rise from $4.25 an hour to $5.05, while neighboring Pennsylvania’s minimum wage remained unchanged. Princeton...

Happiness, modern science shows, has many dimensions besides the economic growth we usually zero in on.

The more wealth concentrates, the more feeble a society’s investing in infrastructure.