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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.

Pourquoi le livre de Piketty est-il un succès aux Etats-Unis ? Le | • 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

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’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?

Richesses et croissance : les tromperies statistiques de Thomas Piketty IREF - Institut de Recherches Économiques et Fiscales « Pour la liberté économique et la concurrence fiscale » 1) La croissance infinie des gros patrimoines ou les limites des mathématiques Son postulat est que l’accroissement inéluctable des écarts de richesse est dû à l’inégalité fondamentale qu’il note r > g où r désigne le rendement du capital (c’est-à-dire ce que rapporte le capital en moyenne au cours d’une année, sous forme de profits, dividendes, intérêts, loyers…, en pourcentage de sa valeur) et où g représente le taux de croissance (c’est-à-dire l’accroissement annuel du revenu et de la production). Le boomerang des mathématiques Mais la formule mathématique, que Piketty utilise comme la clé magique du sens de l’histoire économique et sociale, semble pécher par son incohérence dans son application dans le temps. Les limites de l’exercice Les limites de l’exercice peuvent être démontrées encore autrement. La confusion des chiffres > 1. > 2. > 3.

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.

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

Poulos Gets Piketty—and Tocqueville—Wrong He might be 80, but former lieutenant governor Richard Ravitch, out with a new memoir, has the same gleam in his eye—and he’s still warning of crises. Andrew Cuomo, call your office. The man who rescue helped rescue New York City from bankruptcy in the 1970s says New York is in deep financial trouble again. And this time, it’s the whole state that’s in deep. Dick Ravitch, the longtime New York power broker and financial guru, can smell it when smiling politicians proclaim their governments’ budgets fully balanced. Releasing a memoir, Ravitch, 80, is trying to shake people by the lapels once again, with the next generations in mind. “While a generous society can and should provide the necessities of life to its poorer citizens,” he writes, “we owe it to ourselves to be honest about the costs.” Too much of this nation, he said, is eating its own seed corn, to use one of his folksy analogies. Here are some statistics to back him up: He saves his biggest criticism for local leaders.

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