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wealth tax

The Case for Optimism About America

The good news is that America is still the engine of global wealth creation: nothing fosters political pragmatism like prosperity. But there...
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Piketty on the Covid-19 Crisis: “It Is High Time to Use This Opportunity to Counter the Dominant Ideology and Significantly Reduce Inequality”

In an interview with ProMarket, Thomas Piketty speaks about his new book, the role of ideology as a driver of inequality, and...
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A New Capitalisn’t Episode: The Risk Of Reopening – a Reading List

Despite warnings from government and health officials, some states are choosing to begin reopening their economies this week by ending lockdown restrictions. In this...
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A New Capitalisn’t Episode: Where Does the Money Come From? With Special Guest Eugene Fama

As Kate Waldock and Luigi Zingales predicted in a previous episode, the government is running out of money and will ask Congress for additional...
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Who Won the South Carolina Democratic Debate? The ProMarket Panel's Analysis

Is Bernie Sanders inevitable, and is Michael Bloomberg doomed? Which candidate would be best suited to avoid a recession in the US? A ProMarket...
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The Most Persistent of All Zombie Ideas: That Taxing the Wealthy Is Destructive to the Economy

Economics can’t tell you what values to have. It can, however, shed light on what to expect from policy that reflects any particular set...
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What Is the Meaning of Wealth?

Who's richer, a person who enjoys the comfort of modern services and technologies, or the ancient kings of a millennia ago? Comparing wealth over...
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Why There Is No “Crisis of Capitalism”

Western dissatisfaction with globalization is wrongly diagnosed as dissatisfaction with capitalism, when in fact it is the product of the uneven distribution of the...
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Biden, Buttigieg, Sanders, Warren: The Real Impact of Democratic Candidates' Tax Plans

According to UC Berkeley economists Emmanuel Saez and Gabriel Zucman, all of the Democratic candidates' plans increase tax rates on the rich but to...
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LATEST NEWS

Fiscal Policy

More than Economics, Ideology Determines US Voters’ Preferences for Redistribution

Gustavo de Souza
The US stands out among developed economies for its comparatively low level of redistribution as a percentage of GDP. Gustavo de Souza...
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Research

Stakeholder Motivations for “Private Sanctions” Against Russia

Utsav Gandhi
As the war in Ukraine enters its second year, a new study measures stakeholders’ desire to see their firms exit Russia and...
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Big Tech

The Wicked Problem Embodied by The Twitter Files

Tom Ginsburg
In response to a recent ProMarket post about the Twitter Files, professor Tom Ginsburg points out that the toughest question lies in...
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News

Study Shows Universal Bank Trades Are Informed by Private Commercial Borrower Information

Will Macheel
New research by Rainer Haselmann, Christian Leuz, and Sebastian Schreiber finds evidence suggesting that German banks with commercial lending relationships improve their...
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News

Industrial Policy Is a Seductive Mirage

Michael C. Munger
Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s...
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