Capitalism
The Surprising Twist in GOP Economic Thinking: Tax Cuts Might Be Bad for Business
Senator Mitt Romney wrote Donald Trump a letter to stop his plan to reduce capital gain taxes. This is an important signal that a...
The Secret Code of Capital and the Origin of Wealth Inequality
Capital is not a thing, but a social relation enforced by the law and the state. With the right legal coding, any object, claim,...
The Business Roundtable CEOs’ Statement: Same Old, Same Old
Despite the media hype about corporate CEOs having abandoned their shareholder value maximization credo, the recent statement from the Business Roundtable contains nothing new...
Thomas Piketty's New Book Brings Political Economy Back to Its Sources
In the same way that Capital in the Twenty-First Century transformed the way economists look at inequality, Piketty's new book Capital and Ideology will...
The Limits of Private Action: What the Past 40 Years Taught Us About the Perils of Unregulated Markets
The two big ideas that animated American public policy since the end of World War II, employer-sponsored social benefits and neoliberalism, are failures. We...
The Future of Capitalism and the Utopia That Never Was
In his review of Paul Collier’s recent book The Future of Capitalism, Branko Milanovic discusses ideology, social democracy, and the "ethical world."
Paul Collier’s...
When American Capitalism Meant Equality
Americans used to have a relatively egalitarian view of markets. How did they come to accept extreme inequality as an innate part of their...
Wealth Inequality in America: A Race Between the Stock and the Housing Market
Booming stock markets and the collapse of house prices in the aftermath of the 2008 financial crisis have increased wealth inequality in the US...
The Road to Digital Serfdom? The Visible Hand of Surveillance Capitalism
Surveillance capitalism is not the capitalism of old, writes Harvard professor emerita Shoshana Zuboff in her new book The Age of Surveillance Capitalism.
Surveillance capitalism departs...
If You Don’t Think Today’s Tech Giants Are Vicious, Just Ask Venture Capitalists
Silicon Valley today resembles the deepest part of the jungle known as the triple canopy, where tall trees block out all the light and...
