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Articles about the work of James Surowiecki

The New Yorker's Class Warfare
futureofcapitalism.com

James Suroweicki, who wrote an intelligent book about the wisdom of crowds, writing in the New Yorker in favor of higher taxes on those who earn more than $1 million a year:

The explosion in wealth at the very top of the pyramid has given rise to what the commentator Matt Miller has called a "lower upper class"—doctors, lawyers, accountants, even some journalists, who make very good livings but enjoy nothing like the rewards that come to their peers in finance or in the executive suite. The lower upper class exerts a cultural influence out of proportion to its size, and so its anger toward the upper upper class—toward outrageous executive salaries and Wall Street shenanigans—could be a powerful force for reforming the way we deal with inequality.

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The Behavioral Economics of Gas Prices
futureofcapitalism.com

James Surowiecki, writing in the New Yorker, has a piece about gasoline prices: "Dan Ariely, a behavioral economist at Duke, has even argued that the way we buy gasoline—standing at the pump and watching the dollars pile up—is inherently disheartening." The New Yorker Web site doesn't have hyperlinks, but a Web search via Google (use it while you can, before the government wrecks it) turns up this piece in which Mr. Ariely observes, "you stand next to the pump, you fill it up, there's nothing else to do and you're watching these number go up."

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The New Yorker's Assumptions
futureofcapitalism.com

The New Yorker magazine out today has pieces by two different writers that display a similar attitude.

The first runs under the headline "Why Wall Street Should Fear the Tea Party." It includes the sentence, "the austerity advocates will also be emboldened in their attacks on the Federal Reserve, which they argue has been overly loose in its monetary policy (when in fact it's been too tight)."

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Richard Epstein on Corporate Welfare
futureofcapitalism.com

Libertarian law professor Richard Epstein's latest weekly column is about corporate welfare: "The libertarian position demands that we examine all government action on a presumption of distrust. In particular, this means that great care should be taken to see that government assets should not be given away to private interests. Rather, they should be transferred through competitive actions that require private parties to pay just compensation to the public treasury for public assets that they buy or lease. In a 1987 article in the Cato Journal, I made the claim that a well-functioning constitution needs to have not only a Takings Clause but also a 'Givings Clause.'"

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Richard Epstein on Corporate Welfare
futureofcapitalism.com

Libertarian law professor Richard Epstein's latest weekly column is about corporate welfare: "The libertarian position demands that we examine all government action on a presumption of distrust. In particular, this means that great care should be taken to see that government assets should not be given away to private interests. Rather, they should be transferred through competitive actions that require private parties to pay just compensation to the public treasury for public assets that they buy or lease. In a 1987 article in the Cato Journal, I made the claim that a well-functioning constitution needs to have not only a Takings Clause but also a 'Givings Clause.'"

Read More...


The New Yorker's Assumptions
futureofcapitalism.com

The New Yorker magazine out today has pieces by two different writers that display a similar attitude.

The first runs under the headline "Why Wall Street Should Fear the Tea Party." It includes the sentence, "the austerity advocates will also be emboldened in their attacks on the Federal Reserve, which they argue has been overly loose in its monetary policy (when in fact it's been too tight)."

Read More...


The New Yorker's Class Warfare
futureofcapitalism.com

James Suroweicki, who wrote an intelligent book about the wisdom of crowds, writing in the New Yorker in favor of higher taxes on those who earn more than $1 million a year:

The explosion in wealth at the very top of the pyramid has given rise to what the commentator Matt Miller has called a "lower upper class"—doctors, lawyers, accountants, even some journalists, who make very good livings but enjoy nothing like the rewards that come to their peers in finance or in the executive suite. The lower upper class exerts a cultural influence out of proportion to its size, and so its anger toward the upper upper class—toward outrageous executive salaries and Wall Street shenanigans—could be a powerful force for reforming the way we deal with inequality.

Read More...


The Behavioral Economics of Gas Prices
futureofcapitalism.com

James Surowiecki, writing in the New Yorker, has a piece about gasoline prices: "Dan Ariely, a behavioral economist at Duke, has even argued that the way we buy gasoline—standing at the pump and watching the dollars pile up—is inherently disheartening." The New Yorker Web site doesn't have hyperlinks, but a Web search via Google (use it while you can, before the government wrecks it) turns up this piece in which Mr. Ariely observes, "you stand next to the pump, you fill it up, there's nothing else to do and you're watching these number go up."

Read More...


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James Surowiecki

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