The Dissing of Henry George

Henry George (1839–1897) was a journalist, self-educated economist and philosopher, and eventually prominent politician. In 1879 he published Progress and Poverty, which soon became a worldwide bestseller. His followers played a major role in the early 20th Century Progressive movement. How could it happen that if he is remembered at all today, he’s considered a crackpot? . . . → Read More: The Dissing of Henry George

Piketty’s Model of Inequality and Growth in Historical Context, Pt 1

In Thomas Piketty’s doomsday model, slowing of growth in the twenty-first century will cause an inexorable increase in inequality. Piketty is not the first to propose a grand model of inequality and growth. To get some perspective on his model, let’s see what the “classical” economists had to say (Part I), and how the “neoclassical” economists responded (Part II). . . . → Read More: Piketty’s Model of Inequality and Growth in Historical Context, Pt 1