thomas piketty c/d

damn, that's actually kind of a masterpiece

" . . . a country where inequality in access to education has reached unprecedented heights, highlighting a gulf standing between the lives of most Americans, and the soothing meritocratic speeches pronounced by the winners of the system."

amen

http://www.theguardian.com/us-news/commentisfree/2016/feb/16/thomas-piketty-bernie-sanders-us-election-2016

i loved that line

dope

i'll put this here, why not

http://voxeu.org/article/what-s-your-surname-intergenerational-mobility-over-six-centuries

For example, Becker and Tomes (1986) argue that “almost all the earnings advantages or disadvantages of ancestors are wiped out in three generations”.

In a recent paper we challenge this view (Barone and Mocetti 2016). We focus on the Italian city of Florence, for which data on taxpayers in 1427 – including surnames, occupations, earnings, and wealth – have been digitalised and made available online. We matched these data with those taken from the tax records relating to the city of Florence in 2011. Family dynasties are identified by surnames. Table 1 offers a first flavour of our results. We report for the top five and bottom five earners among current taxpayers (at the surname level) the modal value of the occupation and the percentiles in the earnings and wealth distribution in the 15th century (the surnames are replaced by capital letters for confidentiality). The top earners among the current taxpayers were already at the top of the socioeconomic ladder six centuries ago – they were lawyers or members of the wool, silk, and shoemaker guilds; their earnings and wealth were always above the median. In contrast, the poorest surnames had less prestigious occupations, and their earnings and wealth were below the median in most cases.

surprised not to see a reference to this book from a couple years ago that invented the surnames method and showed that social mobility never existed

http://www.amazon.com/Son-Also-Rises-Surnames-Princeton/dp/0691162549/ref=sr_1_1?s=books&ie=UTF8&qid=1390142012&sr=1-1&keywords=the+son+also+rises

customers also bought section shows:

Garett Jones

guy creeps my shit right out

yeah he's the worst

gregory clark is cool though i don't think there is any creepy iq shit in his work

although you can imagine your taki-maggers don't have a hard time reconciling 'people with the same surnames tend to be rich' into their worldview

this video of Garett Jones being interviewed by John Stossel is like a hilariously pitch-perfect caricature of 'villainous economist opinions', by a guy whose dept runs on koch money

monopolies... so, those are actually good right?
yup
and minimum wages... bad?
you got it
price gouging?
bring it on

https://www.youtube.com/watch?v=BDCe2cxJfbw

great tweet

https://twitter.com/GarettJones/status/709851876380966912

http://piketty.pse.ens.fr/files/Piketty2018PoliticalConflict.pdf

Brahmin Left vs Merchant Right: Rising Inequality and the Changing Structure of Political Conflict
Evidence from France & the US, 1948-2017

Haven't had a chance to read this yet but I'm intrigued - I've literally just sat at my desk on the first day back at work after a long weekend so i shouldn't really crack it until after lunch lol/

This is a good interview. Piketty makes his case for why wealth inequality is important and why the political system is the best avenue for addressing it. Cowen pushes back enough to elicit strong counter-arguments from Piketty:

https://conversationswithtyler.com/episodes/thomas-piketty/