A picture of Thomas Piketty in front of a bookcase

Why are taxes on capital income lower than taxes on labour income?

If we want to raise the share of national income going to labour, we could start by not taxing labour income more heavily than capital income. Read the full post »
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Development Impact Bonds: what do YOU think?

The Center for Global Development and our partner Social Finance has just published a big new report on Development Impact Bonds. The Working Group invites comments on the draft report over the next six weeks.

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Acemoglu and Robinson

It’s the politics, stupid

One thing that the public knows, which many development experts apparently do not, is that poor countries are poor because they are badly governed and have institutions which prevent growth and permit a small elite to capture the nation's wealth. According to Why Nations Fail, by Daron Acemoğlu and Jim Robinson, the public is (as usual) basically right.

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NRA Killing our Kids

Guns & economics

Two interesting ideas from economists on gun control. First: require gun owners to take out liability insurance. Second, create a fund which for every dollar the NRA pays to a political candidate would pay $2 to the opponent.

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CDI Europe as one

How committed is Europe to development really?

Europe’s approach to development could be characterized as energetically tackling the symptoms of poor economic opportunities for developing countries by providing substantial and effective aid, while doing relatively little to tackle the underlying structural causes of poverty.

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