In yesterday’s New York Times’ Economix blog Bruce Bartlett reports ... Read More
Companies don’t pay CEOs to work hard; they pay them to bear risks necessary for improvement
In his NYT op-ed from several weeks ago, Joe Stiglitz reveals his misunderstanding ... Read More
Inside the List
By Gregory Cowles Published: July 6, 2012 UNEQUAL EXCHANGE: For a few weeks now, two drastically different arguments about America’s income gap have been bouncing around the hardcover nonfiction list. In “The Price of Inequality” (currently at No. 27 on the extended list), the Columbia professor and Nobel-winning economist Joseph E. Stiglitz makes the case that the growing gulf between haves and have-nots is a drag on the economy and a drain on society. Meanwhile, in ... Read More
Ed Conard Responds to a New York Times Magazine Article
It's unfortunate, in this highly politicized climate, that we can't have a serious discussion about what's best for the middle class and the working poor: innovation, prudent risk taking and the payoffs that motivate it or higher taxes on lucky risk-taking and less equity to underwrite it. Nevertheless, an author can't turn down the cover of The NY Times Sunday Magazine, no matter the perils of distortion... and there were! My book isn't about defending the one ... Read More
The Purpose of Spectacular Wealth, According to a Spectacularly Wealthy Guy
By Adam Davidson New York Times Magazine Published: May 1, 2012 To read Ed's reply to this article, click here. Ever since the financial crisis started, we’ve heard plenty from the 1 percent. We’ve heard them giving defensive testimony in Congressional hearings or issuing anodyne statements flanked by lawyers and image consultants. They typically repeat platitudes about investment, risk-taking and job creation with the veiled contempt that the nation doesn’t ... Read More
