Joseph E. Stiglitz, Branko Milanovic & Duncan Foley (Video Presentation) “New Theoretical Perspectives on the Distribution of Income and Wealth Among Individuals“, Institute for New Economic Thinking, 19 December 2014.   Inequality has become one of the major talking points amongst economists since the advent of Thomas Piketty’s book Capital in the Twenty-First Century.   Piketty argues in the book that the main driver of inequality—the tendency of returns on capital to exceed the …Read More

Lynn Parramore: Interview with Joseph Stiglitz: “Economics Has to Come to Terms with Wealth and Income Inequality“, Institute for New Economic Thinking, 16 December.   Nobel laureate Joseph Stiglitz has been writing about America’s economically divided society since the 1960s. His recent book, The Price of Inequality, argues that this division is holding the country back, a topic he has also explored in research supported by the Institute.  On December …Read More

Mitchell, B. (2014) “Solving tax avoidance will not cure the Eurozone of stagnation“, Bill Mitchell Blog, 15 December.   There was an article in the French-language edition of Huffington Post last last week (December 10, 2014) – Sans Europe fiscale, le projet européen est condamné (Without taxes, the European project is doomed) – written by the President of the French Socialist delegation in the European Parliament, Pervenche Berès. Her committee …Read More

Louri-Dendrinou, Ε. (2014) “How likely is a credit-less recovery in the euro area? The role of a capital markets union“, LSE EUROPP, Hellenic Observatory – European Institute, 10 December.   It is often discussed how bank-dependent for financing investment euro area firms are. It is estimated that 80% of their investment needs are financed from banks and only 20% from capital markets, while in the US the reverse is true. …Read More