1st June 2012
"There are good reasons why plutocrats should care about inequality – even if they're thinking only about themselves. The rich do not exist in a vacuum. They need a functioning society around them to sustain their position." Vanity Fair
One of the UK's leading commentators on economics says the next phase of capitalism will involve a new balance between government and markets – something different both from the market fundamentalism that failed in 2008 and from the overweening government that failed in the 1970s. The Browser
Using two economists to illustrate his argument: one Republican (R. Glenn Hubbard), the other a Democrat (Larry Summers), Charles Ferguson describes how "significant portions of American academia have deteriorated into ‘pay to play' activities." Real-World Economics Review Blog
"Price stabilization" and "harmonization" are dangerous euphemisms for anti-growth policies, writes Richard A. Epstein. Hoover Institution
Peter J. Henning cites two news items from the past week which show that the likelihood for a signature case arising out of the financial crisis is near zero. Deal Book
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