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Classical Economics

Thomas Piketty's Model of Inequality and Growth in Historical Context (Pt. I)

Mary Manning Cleveland | Posted 09.17.2014 | Business
Mary Manning Cleveland

In Thomas Piketty's doomsday model, slowing of growth in the 21st century will cause an inexorable increase in inequality. Piketty is not the first to...

The Fiscal Cliff, the Republicans and the Ghost of Christmas Past

David Coates | Posted 02.18.2013 | Politics
David Coates

As reports thicken of a possible deal between the White House and the House Republicans -- a deal which will supposedly avoid the rest of us going over some fiscal cliff on January 1 -- it is worth remembering at least four reasons why such a deal is probably best avoided.