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Partager cet article The Euro zone needs a proper government : a joint budget, common rules of taxation, an investment and borrowing capacity, a growth strategy and a model for sustainable and equitable development. But to achieve all these one day the Euro zone must first focus on creating democratic institutions enabling common decision making. There is no point in discussing a government for the Euro zone if the democratic instance to which this government will be responsible...

Partager cet article With Trump and Brexit, the Western-type democratic model is under fire. The Chinese media are having a field day. In column after column, the Global Times (official daily newspaper) condemns the explosive cocktail of nationalism, xenophobia, separatism, TV-reality, vulgarity and ‘money reigns supreme’, the outcome of the so-called free elections and the wonderful political institutions which the West would like to impose on the world. No more lessons!...

Partager cet article After our call « For a credible and bold basic income » launched by a group of ten researchers  (Antoine Bozio, Thomas Breda, Julia Cagé, Lucas Chancel, Elise Huillery, Camille Landais, Dominique Méda, Emmanuel Saez, Tancrède Voituriez), we received considerable support and also, of course, questions and requests for clarification. The first question was: Given that the system of a basic income which we propose does not defend the idea of an identical monthly...

Partager cet article This call is the initiative of a group of researchers: Antoine Bozio (Ecole d’économie de Paris, IPP), Thomas Breda (CNRS, Ecole d’Economie de Paris), Julia Cagé (Sciences Po Paris), Lucas Chancel (Ecole d’économie de Paris et Iddri), Elise Huillery (Université Paris-Dauphine), Camille Landais (London School of Economics), Dominique Méda (Université Paris-Dauphine), Thomas Piketty (Ecole des hautes études en sciences sociales, Ecole d’économie de Paris),...

Partager cet article In less than four months, France will have a new president, but will the president be a man or a woman? After Trump and Brexit there is a risk that the opinion polls will be wrong once again and that Marine Le Pen’s nationalist right wing will come close to winning. Even if the cataclysm is avoided this time there is a real risk of her succeeding in appearing to be the only credible opponent to the liberal right for the next elections. On the radical left,...

Partager cet article The World Wealth and Income Database (WID.world) is now available on a new website  offering more data visualization tools and more extensive data series. Thanks to the combined efforts of Facundo Alvaredo, Tony Atkinson, Lucas Chancel, Emmanuel Saez, Gabriel Zucman and over 110 researchers covering 70 countries from all over the world, WID.world offers open and convenient access to the most extensive available database on the historical evolution of the...

Partager cet article At the start of 2017, with the elections in France in the Spring and then in Germany in the Autumn, it may prove useful to return to one of the fundamental issues which plagues discussion at European level, that is the alleged economic asymmetry between Germany with its reputation as prosperous and France which is described as on the decline. I use the term ‘alleged’ because, as we shall see, the level of productivity of the German and French economies – as...

Partager cet article Anthony B. Atkinson passed away in the morning of January 1st 2017, at the age of 72, after a long illness. This leaves us with an invaluable loss. Anthony « Tony » Atkinson occupies a unique place among economists. During the past half-century, in defiance of prevailing trends, he placed the question of inequality at the center of his work while demonstrating that economics is first and foremost a social and moral science. Tony was born in 1944 and published...

Partager cet article The debate on basic income has at least one virtue, namely that of reminding us that there is a degree of consensus in France on the fact that everyone should have a minimum income. Disagreements exist over the amount. At the moment, the Revenu de Solidarité Active or RSA (the French minimum income scheme) granted to single individuals with no dependant children is 530 Euros per month, a sum which some people find sufficient, and others would like to increase...

Partager cet article Let it be said at once: Trump’s victory is primarily due to the explosion in economic and territorial inequality in the United States over several decades and the incapacity of successive governments to deal with these. Both the Clinton and the Obama, administrations frequently only went along with the move to liberalisation and sacralisation of the market launched under Reagan, then Bush, father and son; at times they even exacerbated them. The financial and...