Dreadnought

Age of Wisdom, Age of Foolishness, Part (5) Written by Adam Whitehead, KeySignals.com Age of Wisdom, Age of Foolishness (4) “End of the Cycle” observed “the new seeds of global conflict developing in what Professor Peter Turchin[i] has referred to as ‘Rich, Overeducated Elites’[ii]; attempting to prolong the duration of the current Fin de Siècle, …

Rising Wealth-to-Income Ratios, Inequality, and Growth

by Thomas Piketty and Gabriel Zucman This article was originally posted on Voxeu.org on Sep. 26, ’13 According to many measures, inequality has been increasing in the developed world and is now approaching pre-war levels. Income inequality does not tell the whole story. This column documents the increase in the ratio of private wealth to …

Insane Levels of Inequality

Insane Levels of Inequality – Which Hurt the Economy – Are Skyrocketing by Washington’s Blog, Washington’s Blog Preface: All capitalist systems have some inequality.  We don’t want to prevent all inequality … just economy-wrecking levels: Lawrence Katz, a Harvard economist, adds that some inequality is necessary to create incentives in a capitalist economy but that …

Inequality, Leverage and Crises

Guest Authors: Michael Kumhof, International Monetary Fund and Romain Ranciere, Paris School of Economics and International Monetary Fund.  Contact information available here. Authors’ notes:  The views expressed in this paper are those of the authors and do not necessarily represent those of the IMF or IMF policy. We thank George Akerlof, Kemal Dervis, Douglas Laxton …