Saturday, April 22, 2017
Friday, April 21, 2017
Sunday, April 16, 2017
“The Sense That the System Is Rigged Relates to Governments' Failure to Address Inequality and Concentration” -
“The Sense That the System Is Rigged Relates to Governments' Failure to Address Inequality and Concentration” -
The following interview with Anat Admati is part of an interview series with influential scholars who are addressing these issues in their work.
The following interview with Anat Admati is part of an interview series with influential scholars who are addressing these issues in their work.
Drivers of Declining Labor Share of Income – IMF Blog
Drivers of Declining Labor Share of Income – IMF Blog
plus The Hollowing Out of Middle-Skilled Labor Share of Income
After being largely stable in many countries for decades, the share of national income paid to workers has been falling since the 1980s.
plus The Hollowing Out of Middle-Skilled Labor Share of Income
Sunday, April 9, 2017
Does Greece Need More Official Debt Relief? If So, How Much? | PIIE
Does Greece Need More Official Debt Relief? If So, How Much? | PIIE
Creditor countries and international organizations continue to disagree whether Greece should receive additional official debt relief, and if so how much. This paper first shows that these disagreements can be attributed to competing assumptions about Greece’s future capacity to repay, particularly about economic growth and the fiscal primary balance.
Monday, April 3, 2017
Academic paper: Is the ‘Constitution of Equality’ Parliamentary, Presidential or Hybrid?
Academic paper: Is the ‘Constitution of Equality’ Parliamentary, Presidential or Hybrid?
via Leonid Bershidsky : "Parliamentary Democracies Are Just Better at Resisting Populism"
AbstractWhat does the value of political equality imply for the institutional design of democracies? The existing normative literature highlights the importance of proportional representation and legislative majority rule, but neglects the choice of an executive format. This paper explores two potential egalitarian trade-offs in this choice. First, while presidential systems tend to achieve too little bundling of separable decision-making issues (within political parties), parliamentary systems often tend towards too much bundling (between political parties), thus establishing informal veto positions in the democratic process. This is a trade-off between the ‘adversarial’ and ‘deliberative’ aspects of equality. Second, there is a trade-off between ‘horizontal’ and ‘vertical’ equality. Neither pure presidentialism nor pure parliamentarism may be able to maximise both dimensions of equality simultaneously. The paper argues that certain hybrids between parliamentarism and presidentialism have the potential to mitigate both trade-offs. These hybrids establish power separation between the executive and legislature without allowing for popular executive elections. The argument also has potential implications for the democratisation of the European Union.
Academic paper: Is the ‘Constitution of Equality’ Parliamentary, Presidential or Hybrid?. Available from: https://www.researchgate.net/publication/260947932_Is_the_%27Constitution_of_Equality%27_Parliamentary_Presidential_or_Hybrid [accessed Apr 3, 2017].
via Leonid Bershidsky : "Parliamentary Democracies Are Just Better at Resisting Populism"
Your Brain Wasn't Built to Handle Reality - Bloomberg View
Your Brain Wasn't Built to Handle Reality - Bloomberg View
If you are objective, you should always be seeking and evaluating evidence that disproves your thesis.
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