May 2015

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A supposed value of the Boy Scouts is to leave every place they visit in better condition than when they arrived. ‘Better’ is the critical word here. This is not a matter of walking into the ruins of a depraved binge and bringing it to Martha Stewart’s standards. Rather, it’s about the courtesy and precaution […]

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His career at the top of Canadian politics tells us more about the state of Canadian politics than anything else. That such a palpable cipher could have remained in high office for nearly a decade is a testament to many things: the thinness of the Tory front bench, the decline of cabinet, the prime minister’s […]

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From Sunday to next Saturday, I will be in Ottawa for the Canadian Political Science Association conference, and to visit my excellent friends Andrea and Mehrzad. Before I go, I need to submit the final term paper for my Markets, Justice, and the Human Good course. Perhaps predictably, I am writing about economic inequality and […]

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Erika

2015-05-29

in Photo of the day, Toronto

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The most convincing proof of the failure of corporate governance and of the absence of a rational productivity justification for extremely high executive pay is that when we collect data about individual firms (which we can do for publicly owned corporations in all the rich countries), it is very difficult to explain the observed variations […]

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Let me now return to the explosion of wage inequality in the United States (and to a lesser extent Britain and Canada) after 1970. As noted, the theory of marginal productivity and of the race between technology and education is not very convincing: the explosion of compensation has been highly concentrated in the top centile […]

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