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In a new paper for the Institute For New Economic Thinking’s Working Group on the Political Economy of Distribution, economist Lance Taylor and his colleagues examine income inequality using new tools and models that give us a more nuanced — and frightening — picture than we’ve had before. Their simulation models show how so-called “reasonable” modifications like modest tax increases on the wealthy and boosting low wages are not going to be enough to stem the disproportionate tide of income rushing toward the rich. Taylor’s research challenges the approaches of American policy makers, the assumptions of traditional economists, and some of the conclusions drawn by Thomas Piketty and Larry Summers. Bottom line: We’re not yet talking about the kinds of major changes needed to keep us from becoming a Downton Abbey society. …

I first thought of writing this post over a year ago as a follow up to my piece “Against the Educational Uncertainty Principle.” I was struck by the way that recent interventions to address the various dimensions of higher educational crisis have made matters worse. MOOCs, Massive Open Online Courses, are a particular case in point. As I wrote then:

“I worry about magical solutions: MOOCs, substituting television for face to face inquiry, even though using the web to strengthen educational practices makes sense to me. …

I was shocked to learn that Bernard Maris had been murdered at a meeting of the editors of Charlie Hebdo in Paris on January 7, 2015. He died at his desk, killed by the fanaticism that he regularly denounced.

Bernard Maris was an economist and a member of the governing board of the Bank of France, professor at the Institute of European studies of the University of Paris-VIII, a former University of Iowa professor, and journalist for the publication Charlie Hebdo, where he wrote a weekly column, under the pseudonym of “Uncle Bernard” — a column in which he explained the mysteries of finance. In a profile of victims published Wednesday evening, the Los Angeles Times reported Bernard Maris was a “noted Keynesian…

When a crystal breaks, it breaks along lines of pre-existing weakness. Thus traumatic assaults, like the one in Paris, can serve as X-rays into the body politic that endures them. Certainly, the US invasion of Iraq, a response to 9/11, serves as a paradigm case of how a terroristic attack can provoke the blind aggressivity otherwise obscured and disguised in the self-professed guarantor of world peace. By examining the range of responses to the massacre at Hebdo, we can learn something more about ourselves, and perhaps correct our mistaken stance. In my view there are seven levels of response to these attacks, each a mixture of ideology and truth, progressing closer and closer to something comprehensive and just, albeit also elegiac and incomplete. …

It has become commonplace to speak about the “fatherless society.” This is not because fathers no longer exist (there are indeed still a lot of people around who claim to be so), but because they exhibit behaviours that were usually associated with the other side of the parental coin: in today’s advanced capitalist societies, fathers change diapers, feed their newborns, and they even have to invent ever new forms of entertainment to catch up with the exuberance of the infantile imagination. In sum, fathers try to provide the physical and emotional care that was once typically associated with women and nannies. Is it possible to look at this transformation in the context of a broader change within capitalism itself? …

Like most people in the arts, for many years I supported my artistic activities, along with the rest of my life, by holding down a day job. Corporate communications and advertising primarily in financial services were not such a bad gig, actually, and, in fact, were what I trained to do by having a dual major in graphic design and painting. For the last 13 years of that time, I also mounted a performance piece, Getting Over at the Office (1987-2000), whereby I recoded aspects of my daily work life as art through a series of artifacts and documents. Much of the documentation consists of news releases, sent out intermittently to a mailing list that grew with time. The performance was a gesture through which I sought to reclaim the time that had been appropriated from me by the capitalist system. …