Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.
- Arun Jaitley tune in sync with Raghuram Rajan's stand on taming inflation, reviving growth (Atmadip Ray and Gayatri Nayak, The Economic Times) Hat tip to Sanjeev Kulkarni who wonders how long the honeymoon can last.
- PIKETTY: I Will Update My Book's Appendix In The Coming Days (Rob Wile, Business Insider) Piketty has told BI that he will be updating data tables to address some of the issues highlighted by the Financial Times.
- Hard Evidence: how much power can the far right wield in European parliament? (Sofia Vasilopoulou, The Conversation) With all the talk about an earthquake in the EU, some far-right parties also lost ground. Although the number of seats for the far right increased almost 50% from 49 to 72. the author points out that these parties are largely nationalistic and will not form alliances with delegates from other countries. They also have a history of being disengaged from the work of the European Parliament and the fact that they comprise almost 10% of the body will probably go largely unnoticed.
How the far right parties fared.
- From a diverse group of judges, a unanimous opinion on same-sex marriage (Robert Barnes, The Washington Post) Political philosophy appears to have faded from judicial actions regarding gay marriage, as have questions of individual morality, while civil rights have become the dominant consideration. The U.S. has seen "an unbroken wave of victories across the country to supporters of same-sex marriage".
- Bank of England governor: capitalism doomed if ethics vanish (Angela Monaghan, The Guardian) Mark Carney issues strong critique of City behavior and warns of growing sense that basic social contract is breaking down.
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