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Stiglitz Krugman Conference Capital in the 21 Century

Stiglitz Krugman Conference Capital in the 21 Century
Related:  Piketty blitz

Le triomphe américain d’un économiste français | American Digest La publication en anglais par Harvard university press du dernier livre de l’économiste Thomas Piketty fait événement. Revue de presse Rareté des raretés dans le petit monde feutré de l’édition universitaire, la parution aux Etats-Unis du Capital au XXIe siècle (Seuil, 2013), le plus récent ouvrage de l'économiste français Thomas Piketty, a été avancée d'avril à mars, tant il était attendu. Capital in the Twenty-First Century (Harvard university press, 696 p., 35 euros) achève d'asseoir sa réputation dans le monde anglo-saxon. Déjà surnommé par certains le "inequality guru",Thomas Piketty s'apprête à être adoubé par les économistes américains les plus éminents. Le célèbre économiste Paul Krugman vient de faire paraître un long article dans la New York Review of Books où il vante, sans retenue, les mérites du Capital au XXIe siècle. Thomas Piketty était déjà bien connu pour le travail statistique pionner mené avec Emmanuel Saez et Anthony Atkinson pour chiffrer les inégalités.

First Thoughts on Piketty I have been reading Thomas Piketty's "Capital in the 21st Century." It is truly an impressive work, and I am much enjoying it. I have recently organized a session at the upcoming AEA meeting (January in Boston), where David Weil, Alan Auerbach, and I will be discussing the book, followed by a response from Professor Piketty. Let me offer a few immediate reactions. The book has three main elements: A history of inequality and wealth. Point 2 is highly conjectural. Point 3 is as much about Piketty’s personal political philosophy as it is about his economics. The bottom line: You can appreciate his economic history without buying into his forecast.

Pourquoi le livre de Piketty est-il un succès aux Etats-Unis ? Le Monde.fr | • Mis à jour le | Par Mathilde Damgé Le livre du Français Thomas Piketty Le Capital au XXIe siècle (Editions du Seuil, 2013) se classait encore, jeudi 24 avril, en tête des ventes aux Etats-Unis sur le site de distribution en ligne Amazon. Publié l'an dernier en France (lire des extraits sur le site du Seuil), il n'est arrivé que cette année aux Etats-Unis. Mais l'énorme succès rencontré outre-Atlantique par un ouvrage pourtant austère, écrit par un économiste qu'on classe, en France, plutôt à gauche, ne cesse d'étonner. Le site Internet de l'enseignant à l'Ecole d'économie de Paris donne un bon résumé des quelque 1 000 pages (dans la version française) de cet ouvrage, agrémenté de nombreux schémas, qui dénonce la trop forte concentration des richesses et plaide pour une plus lourde taxation des hauts revenus. Lire l'entretien : Thomas Piketty : « Le retour des inégalités inquiète aux Etats-Unis » Ce que dit le livre Ces Français qui cartonnent aux Etats-Unis

m.truthdig Now We Know: Economic Inequality Is a Malady—and Not a Cure Posted on Apr 25, 2014 By Joe Conason It has been a long, long time since Americans accepted the advice of a French intellectual about anything important, let alone the future of democracy and the economy. But the furor over Thomas Piketty’s stunning best-seller, “Capital in the 21st Century”—and especially the outraged reaction from the Republican right—suggests that this fresh import from la belle France has struck an exposed nerve. What Piketty proves, with his massive data set and complex analytical tools, is something that many of us—including Pope Francis—have understood both intuitively and intellectually: namely, that human society, both here and globally, has long been grossly inequitable and is steadily becoming more so, to our moral detriment. As a work of history and social science, “Capital in the 21st Century” outlines a fundamental issue, while offering little in policy. New and Improved Comments

Thomas Piketty is a rock-star economist. Can he re-write the American dream? | Heidi Moore When the movie is made about the fall of Western capitalism, Thomas Piketty will be played by Colin Firth. Piketty, whom the Financial Times called a "rock-star economist", isn't a household name – but he should be, and he has a better shot than any other economist. He is the author and researcher behind a 700-page economic manifesto, titled Capital in the 21st Century, that details the path of income inequality over several hundred years. This sublime nerdishness is, somehow, a huge hit. This is quite a burst of stardom for a man who, despite his understated Gallic charm, is very much the bearer of bad news. Piketty's research, which is immaculate, reaches back hundreds of years to establish a simple thesis: the American dream – and more broadly, the egalitarian promise of Western-style capitalism – does not, and maybe cannot, deliver on its promises. This is a deep point. Let's repeat that: no one else can ever catch up. But there remains a lot of controversy anyway.

Piketty and Pareto Well, it’s Piketty day at the Times, with David Brooks and yours truly even having more or less matching headlines. And David’s take reminds me of something I’ve been meaning to do: explain one important point in Piketty that even economist readers have, it seems, tended to miss. In his critique David says of Piketty, He predicts that family fortunes will concentrate, though big ones in the past have tended to dissipate and families like the Gateses give a lot away. So, two points. Second, Piketty predicts a high concentration of wealth, but not concentration without limit. Here’s how I think of it. In this case there will be an equilibrium distribution of family fortunes, comprising families that have accumulated wealth for three generations, a smaller number who have accumulated for four generations (smaller because some fortunes get squandered), a still smaller number who have accumulated for five generations, and so on.

Piketty’s Triumph In the 1990s, two young French economists then affiliated with the Massachusetts Institute of Technology, Thomas Piketty and Emmanuel Saez, began the first rigorous effort to gather facts on income inequality in developed countries going back decades. In the wake of the 2007 financial crash, fundamental questions about the economy that had long been ignored again garnered attention. Piketty and Saez’s research stood ready with data showing that elites in developed countries had, in recent years, grown far wealthier relative to the general population than most economists had suspected. By the past decade, according to Piketty and Saez, inequality had returned to levels nearing those of the early 20th century. Last fall, Piketty published his magnum opus, Capital in the Twenty-First Century, in France. Jacob S. A Tocqueville for Today By Jacob S. Advertisement This forecast is based not on speculation but on facts assembled through prodigious research. Do you want to see news done right?

Que se passera-t-il le jour où les ordinateurs seront plus intelligents que les humains La lecture de la semaine, il s’agit d’un article extrait du numéro d’avril du magazine The Walrus, mensuel canadien de Toronto. On le doit à Alex Hutchinson et il s’intitule “Déficit d’intelligence : que se passera-t-il le jour où les ordinateurs seront plus intelligents que les humains ?” Un jour dans le siècle qui vient – et peut-être plus tôt que vous ne croyez, commence Hutchinson – des chercheurs arriveront sans doute à créer une intelligence artificielle plus performante que la nôtre. Ce qui adviendra ensuite, c’est la question que tout le monde se pose – et nous ne sommes tout simplement pas assez intelligents pour comprendre, ou seulement prédire, ce qu’une intelligence surhumaine choisira de faire. Mais il y a une chance raisonnable pour que cette intelligence artificielle éradique l’humanité, soit par pure malveillance, soit dans une tentative maladroite de se rendre utile. Image : La page d’accueil de la Lifeboat Fondation. 1. Xavier de la Porte

Excellent avec en prime la version française sur le site ENS Lyon by vzouly Apr 28

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