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The years since the Great Crisis of 2008 have seen slow growth, high unemployment, falling home values, chronic deficits, a deepening disaster in Europe--and a stale argument between two false solutions, "austerity" on one side and "stimulus" on the other. Both sides and practically all analyses...
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Ideen für die Wirtschaft von morgen: Seit Ausbruch der Finanzkrise 2008 streiten zwei ökonomische Denkschulen, zuletzt im Fall Griechenlands, über die ?richtige? Lösung: sparen oder investieren? Beide Ansätze, so James K. Galbraith, sind falsch, denn beide basieren auf der Annahme einer...
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This paper discusses two issues in the relationship between inequality and economic growth: the data and the econometrics. We first review the income inequality data set of Deininger and Squire (D&S), which, we argue, fails to provide either adequate or accurate coverage, whether through time or...
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