Tags: wealth in utility

Kumhof and Ranciere are Mostly Right but They Oversimplify One Thing

February 6th, 2011
in Op Ed

2 feedbacks »

Kumhof and Ranciere have done a masterful job of modeling the financial cycle. The weakness of their analysis is that it lumps all capital into one class. more »

Tags: derryl hermanutz, financial crises, income inequality, kumhof, leverage, mining, natural resources, ranciere, rentier, subsistence level of consumption, wage bargaining, wealth in utility, wealth inequality