Economics has a best seller. Thomas Piketty’s, “Capital in the 21st Century”. I couldn’t get a copy locally (the book is not available even at Amazon.com such is the demand) but have read a few reviews and watched a video where Piketty presents his ideas that are then analyzed by Paul Krugman, Joseph Stiglitz and [...]
This excellent video presented by Prof. Emmanuel Saez on US and other developed country income distribution trends for top incomes post-1913 is very worthwhile. Nothing exceptionally new is provided but it is very objective and well presented.
HT Greg Mankiw
The talk runs for 40 minutes. The article from which much [...]