Jean Tirole, a professor at the Toulouse School of Economics, is the recipient of the 2014 Sveriges Riksbank prize in economic sciences in memory of Alfred Nobel. Tirole is chairman of the board of the Jean-Jacques Laffont Foundation at the Toulouse School of Economics, and scientific director of the Industrial Economics Institute in Toulouse. The […]
Archives for 2014
Capital in the Twenty-First Century
Thomas Piketty, a professor at the Paris School of Economics, has written an international best-selling book that has won praise for its analysis of the sources of inequality in society. Capital in the Twenty-First Century, originally published in French, has been translated into English by Arthur Goldhammer and has been featured prominently on the New […]
U.S. Fiscal Policy Challenge: Dead Men Ruling
Dead Men Ruling is the title of a new book by C. Eugene Steuerle, the Richard B. Fisher Chair and Institute Fellow at the Urban Institute in Washington, D.C. The main thesis of this book is that U.S. fiscal policy is constrained by decisions made by yesterday’s policymakers; the greater the share of spending determined […]
Social Security Trustees 2014 Annual Report
The 2014 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance (OASDI) Trust Funds, transmitted to Congress on July 28, discloses that at the end of 2013, the OASDI program was providing benefit payments to about 58 million people, comprising 41 million retired workers and dependents […]
Congressman Larson’s Social Security Proposals
Democratic Congressman John Larson of Connecticut has introduced proposed legislation, Social Security 2100 Act, to strengthen Social Security and achieve 100% solvency over the next 75 years. His proposal comprises seven key provisions to generate enhanced revenues, provide benefit improvements, and eliminate the current 75-year projected actuarial deficit. These seven provisions are described in a […]