The John Bates Clark medal goes out to a promising young economist who often later finds himself burdened with a Nobel Prize. This year’s winner is Emmanuel Saez which is exciting for policy-oriented progressive bloggers since his specialty is inequality.
You would think that such an award-winning economist could find a computer program that makes pretty charts than this, but here’s the key portrait of growing inequality in the United States from his “Striking it Rich: The Evolution of Top Incomes in the United States”:
The ongoing crash will, one assumes, push the top one percent share down again. These imagines at least suggest the existence of a connection between sustainable economic growth and broadly shared economic growth.