Wealth flows around society like water in a river system, naturally gravitating towards the rich, professor claims to have shown in new academic paper
A return to the 50p income-tax rate for those earning over £150,000 is supported by 77 per cent
Each year, the Tax Foundation, an independent US organisation ranks the 44 countries in the OECD by their tax competitiveness. The US comes third from the bottom
The market reaction to the address matters a lot, because the past couple of weeks have seen one of the longest bull runs for US equities that they have ever had
Whatever view you take of Donald Trump’s initiatives, this one – that governments should use this period of historically low interest rates to borrow and finance big capital projects, must make sense
Eight men have as much wealth as almost half the world. Is it time for radical rethink of capitalism?
People accepting nonsense as truth could be phenomenon that can drive economics as much as it can politics – and economists would be wise to take heed
Searching for a sensitive route to the practical aftermath of tragedy
As yet we don’t fully measure these changes that have taken place. If you are reading this on a Facebook feed, you are doing so because you have signalled that this is the sort of stuff you are interested in. Facebook has cleverly directed this to you
One banker said at the beginning of 2016: ‘Sell everything except high-quality bonds. This is about return of capital, not return on capital. In a crowded hall, exit doors are small.’
LSE academics want to 'revolutionise how we think about human priorities' and promote use of 'subjective wellbeing' as a measure of successful governance, instead of economy
...and four other important economic stories to look out for this week
Cuba had bought into the Soviet Union’s economic system, but like the European satellites, it could only stop its people from choosing the West’s economic system by forcing them to stay
It is hard to compare Donald Trump to anyone else in American politics, especially when it comes to the economy. The president-elect plans to combine restrictions on goods imported from abroad, which are usually advocated by liberal politicians, with conventionally Republican policies, such as tax relief for the wealthy and major corporations, along with more federal borrowing.
The cut in corporation tax would reduce the incentive to shuffle money offshore – countries that compete by having low corporation tax rates would suddenly find that advantage swept away. The playing field would be levelled towards the US
You can see the scale of this shift gradually dawning on the financial markets this week. To take one particular measure of the expected rise in interest rates, the yield on ten-year US Treasury securities rose from just over 1.8 per cent on Monday to nearly 2.2 per cent on Friday