Political Eh-conomy: We can’t all be workers: Putting inequality in the inequality debate

It’s easy to get confused about who is a worker and who isn’t these days. Your CEO may worker longer hours than you, not the top-hatted capitalist of the Monopoly board he. Indeed, it may seem that the leisure class of the turn of the last century has been replaced by the workaholic professional and ...

The Progressive Economics Forum: The labour share and income inequality

All the recent talk about the Canada’s shrinking middle class and rising income inequality got me thinking that it might be a good time to take a fresh look at a somewhat neglected economic concept: the labour share of income. The labour share of income hopes to measure the portion of the economic pie going ...

Eclectic Lip: Sniffs from a Schiff…

(Originally written March 7, 2012.  Part of Great Upload of 2013.) A colleague once showed me a book by Peter Schiff, in which the author and investment-house CEO purported to explain how the US got into the muddle they’re in. Like so many textbooks I left it unread, but according to Wikipedia, Schiff believes a ...

350 or bust: In A Capitalist Economy, the True Job Creators Are Middle Class

Nick Hanauer, entrepreneur and one percenter, exposes the fallacy that it’s the super rich who create jobs. He makes a strong case for taxing the rich to create benefits for the entire society, including growing the middle class. It’s good policy for everyone. Hanauer asserted that TED refused to post this video on-line on the ...