What happens when we confuse price with value? We end up undervaluing care. We pollute more. And the financial sector is allowed to brag about how productive it is—while often just moving around existing value, created by others. Most importantly we end up with a form of capitalism that rewards value extraction activities over value creation, increasing inequality in the process.
In the November 2017 Taxcast: we discuss the latest offshore scandal, the Paradise Papers with one of the journalists who got the scoop, Pulitzer prize winning Frederik Obermaier of Suddeutsche Zeitung and the International Consortium […]
One country that symbolised the crisis of the last 10 years was Greece. Its insolvency embarked the country on a long regime of bail-outs and austerity. This August, Greece officially emerged from the crisis, with […]
The excellent Marginal Revolution team have come up with this video exploring some of the benefits and drawbacks of globalisation. The Branko Milanovic “Elephant Curve” makes a notable appearance!