From First Things, Edmund Phelps on economic justice and the spirit of innovation. The killing fields of inequality: Goran Therborn on why inequality matters. From Too Much, a profile of Emmanuel Saez, the Berkeley economist who many now consider the world’s top authority on the incomes of the super rich; watch out Wall Street, here come the Dutch; have we missed a once-in-a-lifetime opportunity to trim the wealthy down to democratic size?; and the Great Depression gave us the minimum wage — might we now see a “maximum wage”, thanks to the Great Recession? Misleading Indicators: Charles Wilber on how U.S. economists missed the Great Recession. The uselessness of economic forecasters: Charles Morris looks at the terrible track record of economic oracles, and the reasons why very few of them get it right. Gilles

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