Econamici blog

Tom Haines Jay Walks Again

I have reluctantly placed Tom at 305 West End Assisted Living on the locked 6th floor.
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Review of: These Walls Between Us: A Memoir of Friendship Across Race and Class, by Wendy Sanford

I picked up the new book of my college classmate, Wendy Sanford, and immediately found myself plunged into some of the contradictions of my own life. Like me, Wendy came from a wealthy family totally, obliviously, dependent on the “help.” Like me, she grew from taking that arrangement for granted,
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The Black-White Wage Gap: How Inequality and Monopoly Amplify Racial Discrimination

Black men's wages as a percent of White increased rapidly after World War II, only to level off at a bit over 55% after the 1970s. That's a paradox: If racism causes the Black-White wage gap, how come the gap closed dramatically while Jim Crow laws remained in effect, and
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Fighting the Wealth Hoarders with Transparency and Taxes

Over the last five years, from my 5th floor apartment window, I’ve watched a blue spire rise in the distance. Fifteen blocks south of me, 225 West 57th Street has just joined Billionaires’ Row in Manhattan. At 1550 feet it’s now the tallest. Apartments in these buildings have been selling
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Taxing More from the Rich Is Difficult. This Is How to Do It.

In the March 1 UK Prospect, economist James Galbraith offers the Brits, and us, two proposals to repair a broken economy. The first, unsurprisingly, is a heavy tax on estates, with a high exemption. The second is a land tax. Yes! This was the preferred tax of the classical economists,
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Interview About Monopoly with Paul Jay on The Analysis

To reduce inequality, monopolies in finance and other economic sectors should be broken up or made public
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Review of “Liberty from All Masters,” by Barry C. Lynn

Fifty years ago, my husband and I volunteered to work for Ralph Nader. Unwittingly we helped enable the monopolists who rule America today.
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Review of Matthew Desmond’s Evicted

Matthew Desmond, a sociologist, lived for two years among poor renters in Milwaukee, first in a south side trailer park occupied mainly by whites, and then in the north side black inner city. In both places, he interviewed and followed several tenants as they moved through the devastating process of
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