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The real roots of early city states may rip up the textbooks
The real roots of early city states may rip up the textbooks kenyatta: Traditional definitions of the state and its authority hinged on the right to raise taxes, and on its legal monopoly on coercing its people, from punishing and imprisoning them to waging formal war. But as James Scott points out, roughly between 8000…
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Plenty of Work, Not Enough Pay
stoweboyd: One of the most troubling unresolved issues in modern economics is the continued lack of wage increases even as unemployment has dropped to under 5%. This is a worldwide phenomenon and appears to be linked to a number of intertangled factors, like the decline of unions and collective bargaining, the rise of freelancing and outsourced…
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To the extent that it is driven by rents as opposed to productive activities, the extreme concentration of wealth we observe is not fair according to a meritocratic conception of social justice. Moreover, because rents do not compensate productive activities, redistributing them through taxes or regulation does not harm the economy, and could even boost…