Inequality Rich and Poor_Ian Wood Ian Wood/Flickr

Unjust Deserts

A much clearer discussion of income distribution and inequality could be had if we simply stuck to considerations of human wellbeing and useful incentives. The rest is meritocratic ideology; and, as the reception of Thomas Piketty’s book suggests, that ideology may now have run its course.

BERKELEY – The best review of Thomas Piketty’s Capital in the Twenty-First Century that I have read so far is the one published by my friend and frequent co-author Lawrence Summers in Michael Tomasky’s Democracy Journal. Go read the whole thing now.