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Jon Todd
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227 followers
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The field of economics is in danger of losing credibility.

Unless the discipline softens up and become a more accessible social science, it could become obsolete, in favor of less rigorous sciences.

Thomas Piketty has provided a good basis for this transition, but more work must be done.

#economics   #Piketty   #Philosophy  

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So between my time in LA, Chicago, and Boston...
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Emmanuel Saez and Gabriel Zucman's new paper on inequality is the antithesis of the original American spirit described by Alexis de Tocqueville in his 1835 book Democracy in America.

Americans are finally coming around to understand the problem - what happens next?

#economics   #politics   #philosophy   #inequality   #emmanuelsaez   #democracyinamerica  

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Companies have been buying back more stock than they have in years. But there are healthy underlying fundamentals that can support this market.

#investing   #economics   #stocks  

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Mexico’s recent reforms should be the framework used by Dilma Rousseff for Brazil’s economy, or Mexico could soon become Latin America’s economic superstar

#economics   #latinamerica   #brazil   #mexico   #dilmarousseff  

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The Fed's quantitative easing program is scheduled to end this month. However, the global economic environment has changed dramatically since the taper was implemented last December. How might Janet Yellen and co. respond?

#economics   #janetyellen   #federalreserve   #FOMC   #QE3  

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Angela Merkel hasn't exactly helped promote growth in Germany or across the EU. But increasing populism at home - and in the UK - could topple the EU project.

#economics   #finance   #EU   #angelamerkel   #Germany  

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Janet Yellen received criticism for her speech on inequality was a deviation from the standard Federal Reserve line. But it is relevant to monetary policy decisions - and something Americans need to hear.

#economics   #finance   #federalreserve   #inequality   #janetyellen  

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Housing construction is finally picking up, but it may not actually lead to any jobs created, especially in the starved construction labor market

#housing   #economics   #jobs   #labormarket  

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The Two Most Important Statements From The September Fed Minutes -- Hint: Not Unemployment or Wages

#economics   #finance   #federalreserve   #janetyellen   #fedminutes  
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