Entries in john cassidy (2)

Sunday
Sep132015

John Cassidy in the New Yorker

Being more realistic about the role that college degrees play would help families and politicians make better choices. It could also help us appreciate the actual merits of a traditional broad-based education, often called a liberal-arts education, rather than trying to reduce everything to an economic cost-benefit analysis. “To be clear, the idea is not that there will be a big financial payoff to a liberal arts degree,” Cappelli writes. “It is that there is no guarantee of a payoff from very practical, work-based degrees either, yet that is all those degrees promise. For liberal arts, the claim is different and seems more accurate, that it will enrich your life and provide lessons that extend beyond any individual job. There are centuries of experience providing support for that notion.” Click.

Wednesday
Apr022014

Thomas Piketty's economics book

John Cassidy in the current New Yorker:

Anybody who reads the newspaper will be aware that, in the United States, the "one per cent" is taking an ever-larger slice of the economic pie. But did you know that the share of the top income percentile is bigger than it was in South Africa in the nineteen-sixties and about the same as it is in Colombia, another deeply divided society, today? In terms of income generated by work, the level of inequality in the United States is "probably higher than in any other society at any time in the past, anywhere in the world," Piketty writes.