The Experts below are selected from a list of 387 Experts worldwide ranked by ideXlab platform
Mclaren Peter - One of the best experts on this subject based on the ideXlab platform.
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Capitalismo de austeridad / empobrecimiento: ¿qué podemos aprender del socialismo venezolano?
Iberoamerica Social: Magazine-social studies network., 2014Co-Authors: Cole M., Mclaren PeterAbstract:In this article, we begin by discussing austerity/Immiseration capitalism in Europe and the U.S. We go on to contrast this with twenty-first century socialism in the making, as an alternative to neoliberal capitalism in the Bolivarian Republic of Venezuela. Next we analyse opposition to the Bolivarian Revolution, with respect to internal and external forces, both of which are interlinked. We conclude with some thoughts about possible future developments in Europe and the U.S. respectively
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Capitalismo de austeridad / empobrecimiento: ¿Qué podemos aprender del socialismo venezolano?
Asociación Reconocer, 2014Co-Authors: Cole Mike, Mclaren PeterAbstract:In this article, we begin by discussing austerity/Immiseration capitalism in Europe and the U.S. We go on to contrast this with twenty-first century socialism in the making, as an alternative to neoliberal capitalism in the Bolivarian Republic of Venezuela. Next we analyse opposition to the Bolivarian Revolution, with respect to internal and external forces, both of which are interlinked. We conclude with some thoughts about possible future developments in Europe and the U.S. respectively.En este artículo, comenzaremos hablando sobre el capitalismo de austeridad / empobrecimiento en Europa y EE. UU. Continuaremos comparándolo con el socialismo del siglo XXI en sus inicios, como alternativa al capitalismo neoliberal en la República Bolivariana de Venezuela. Después, analizaremos la oposición a la Revolución Bolivariana, con respecto a las fuerzas internas y externas, ambas relacionadas. Por último, concluiremos con algunas ideas sobre posibles desarrollos futuros en Europa y EE. UU., respectivamente
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Capitalismo de austeridad / empobrecimiento.
Asociación Reconocer, 2014Co-Authors: Cole Mike, Mclaren PeterAbstract:In this article, we begin by discussing austerity/Immiseration capitalism in Europe and the U.S. We go on to contrast this with twenty-first century socialism in the making, as an alternative to neoliberal capitalism in the Bolivarian Republic of Venezuela. Next we analyse opposition to the Bolivarian Revolution, with respect to internal and external forces, both of which are interlinked. We conclude with some thoughts about possible future developments in Europe and the U.S. respectively.En este artículo, comenzaremos hablando sobre el capitalismo de austeridad / empobrecimiento en Europa y EE. UU. Continuaremos comparándolo con el socialismo del siglo XXI en sus inicios, como alternativa al capitalismo neoliberal en la República Bolivariana de Venezuela. Después, analizaremos la oposición a la Revolución Bolivariana, con respecto a las fuerzas internas y externas, ambas relacionadas. Por último, concluiremos con algunas ideas sobre posibles desarrollos futuros en Europa y EE. UU., respectivamente
Emmanuel Farhi - One of the best experts on this subject based on the ideXlab platform.
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2007), Inequality and Social Discounting
2015Co-Authors: Emmanuel FarhiAbstract:We explore steady-state inequality in an intergenerational model with altruistically linked individuals who experience privately observed taste shocks. When the welfare function depends only on the initial gen-eration, efficiency requires Immiseration: inequality grows without bound and everyone’s consumption converges to zero. We study other efficient allocations in which the welfare function values future gen-erations directly, placing a positive but vanishing weight on their wel-fare. The social discount factor is then higher than the private one, and for any such difference we find that consumption exhibits mean reversion and that a steady-state, cross-sectional distribution for con-sumption and welfare exists, with no one trapped at misery. I
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inequality and social discounting
Journal of Political Economy, 2007Co-Authors: Emmanuel Farhi, Ivain WerningAbstract:We explore steady-state inequality in an intergenerational model with altruistically linked individuals who experience privately observed taste shocks. When the welfare function depends only on the initial generation, efficiency requires Immiseration: inequality grows without bound and everyone’s consumption converges to zero. We study other efficient allocations in which the welfare function values future generations directly, placing a positive but vanishing weight on their welfare. The social discount factor is then higher than the private one, and for any such difference we find that consumption exhibits mean reversion and that a steady-state, cross-sectional distribution for consumption and welfare exists, with no one trapped at misery.
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progressive estate taxation
Social Science Research Network, 2006Co-Authors: Emmanuel Farhi, Ivan WerningAbstract:For an economy with altruistic parents facing productivity shocks, the optimal estate taxation is progressive: fortunate parents should face lower net returns on their inheritances. This progressivity reflects optimal mean reversion in consumption, which ensures that a long-run steady state exists with bounded inequality - avoiding Immiseration.
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to the source. Inequality, Social Discounting and Estate Taxation
2005Co-Authors: Emmanuel Farhi, Ivan WerningAbstract:To what degree should societies allow inequality to be inherited? What role should estate taxation play in shaping the intergenerational transmission of welfare? We explore these questions by modeling altruistically-linked individuals who experience privately observed taste or productivity shocks. Our positive economy is identical to models with infinite-lived individuals where efficiency requires Immiseration: inequality grows without bound and everyone's consumption converges to zero. However, under an intergenerational interpretation, previous work only characterizes a particular set of Pareto-efficient allocations: those that value only the initial generation's welfare. We study other efficient allocations where the social welfare criterion values future generations directly, placing a positive weight on their welfare so that the effective social discount rate is lower than the private one. For any such difference in social and private discounting we find that consumption exhibits mean-reversion and that a steady-state, cross-sectional distribution for consumption and welfare exists, where no one is trapped at misery. The optimal allocation can then be implemented by a combination of income and estate taxation. We find that the optimal estate tax is progressive
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LIBRARIES Inequality and Social Discounting*
2005Co-Authors: Emmanuel Farhi, Ivan Warning, Ivan WerningAbstract:To what degree should societies allow inequality to be inherited? What role should estate taxation play in shaping the intergenerational transmission of welfare? We explore these ques-tions by modeling altruistically-linked individuals who experience privately observed taste or productivity shocks. Our positive economy is identical to models with infinite-lived individ-uals where efficiency requires Immiseration: inequality grows without bound and everyone's consumption converges to zero. However, under an intergenerational interpretation, previous work only characterizes a particular set of Pareto-efficient allocations: those that value only the initial generation's welfare. We study other efficient allocations where the social welfare criterion values future generations directly, placing a positive weight on their welfare so that the effective social discount rate is lower than the private one. For any such difference in social and private discounting we find that consumption exhibits mean-reversion and that a steady-state, cross-sectional distribution for consumption and welfare exists, where no one is trapped at misery. The optimal allocation can then be implemented by a combination of income and estate taxation. We find that the optimal estate tax is progressive: fortunate parents face higher average marginal tax rates on their bequests.
Ivan Werning - One of the best experts on this subject based on the ideXlab platform.
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progressive estate taxation
Social Science Research Network, 2006Co-Authors: Emmanuel Farhi, Ivan WerningAbstract:For an economy with altruistic parents facing productivity shocks, the optimal estate taxation is progressive: fortunate parents should face lower net returns on their inheritances. This progressivity reflects optimal mean reversion in consumption, which ensures that a long-run steady state exists with bounded inequality - avoiding Immiseration.
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to the source. Inequality, Social Discounting and Estate Taxation
2005Co-Authors: Emmanuel Farhi, Ivan WerningAbstract:To what degree should societies allow inequality to be inherited? What role should estate taxation play in shaping the intergenerational transmission of welfare? We explore these questions by modeling altruistically-linked individuals who experience privately observed taste or productivity shocks. Our positive economy is identical to models with infinite-lived individuals where efficiency requires Immiseration: inequality grows without bound and everyone's consumption converges to zero. However, under an intergenerational interpretation, previous work only characterizes a particular set of Pareto-efficient allocations: those that value only the initial generation's welfare. We study other efficient allocations where the social welfare criterion values future generations directly, placing a positive weight on their welfare so that the effective social discount rate is lower than the private one. For any such difference in social and private discounting we find that consumption exhibits mean-reversion and that a steady-state, cross-sectional distribution for consumption and welfare exists, where no one is trapped at misery. The optimal allocation can then be implemented by a combination of income and estate taxation. We find that the optimal estate tax is progressive
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LIBRARIES Inequality and Social Discounting*
2005Co-Authors: Emmanuel Farhi, Ivan Warning, Ivan WerningAbstract:To what degree should societies allow inequality to be inherited? What role should estate taxation play in shaping the intergenerational transmission of welfare? We explore these ques-tions by modeling altruistically-linked individuals who experience privately observed taste or productivity shocks. Our positive economy is identical to models with infinite-lived individ-uals where efficiency requires Immiseration: inequality grows without bound and everyone's consumption converges to zero. However, under an intergenerational interpretation, previous work only characterizes a particular set of Pareto-efficient allocations: those that value only the initial generation's welfare. We study other efficient allocations where the social welfare criterion values future generations directly, placing a positive weight on their welfare so that the effective social discount rate is lower than the private one. For any such difference in social and private discounting we find that consumption exhibits mean-reversion and that a steady-state, cross-sectional distribution for consumption and welfare exists, where no one is trapped at misery. The optimal allocation can then be implemented by a combination of income and estate taxation. We find that the optimal estate tax is progressive: fortunate parents face higher average marginal tax rates on their bequests.
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Inequality, Social Discounting and Estate Taxation
2024Co-Authors: Emmanuel Farhi, Ivan WerningAbstract:To what degree should societies allow inequality to be inherited? What role should estate taxation play in shaping the intergenerational transmission of welfare? We explore these questions by modeling altruistically-linked individuals who experience privately observed taste or productivity shocks. Our positive economy is identical to models with infinite-lived individuals where efficiency requires Immiseration: inequality grows without bound and everyone's consumption converges to zero. However, under an intergenerational interpretation, previous work only characterizes a particular set of Pareto-efficient allocations: those that value only the initial generation's welfare. We study other efficient allocations where the social welfare criterion values future generations directly, placing a positive weight on their welfare so that the effective social discount rate is lower than the private one. For any such difference in social and private discounting we find that consumption exhibits mean-reversion and that a steady-state, cross-sectional distribution for consumption and welfare exists, where no one is trapped at misery. The optimal allocation can then be implemented by a combination of income and estate taxation. We find that the optimal estate tax is progressive: fortunate parents face higher average marginal tax rates on their bequests.
Cole M. - One of the best experts on this subject based on the ideXlab platform.
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Austerity/Immiseration Capitalism and Islamophobia — Or Twenty-First-Century Multicultural Socialism?
'Symposium Journals', 2014Co-Authors: Cole M.Abstract:This article is in three parts. In part one, the author begins by examining the onset of austerity/Immiseration capitalism in the United Kingdom. Austerity/Immiseration capitalism has witnessed the decline of state multiculturalism and increasing attempts to deflect attention away from the failures of capitalism by playing the ‘race card’. At the same time, state multiculturalism has been replaced by ‘muscular liberalism’. As an absolute contrast to developments in the United Kingdom, in part two of the article, he discusses anti-racist multicultural twenty-first-century socialism in the making in the Bolivarian Republic of Venezuela. In part three of the article, the author assesses what needs to be done. For a permanent solution to austerity/Immiseration capitalism and Islamophobia, the author suggests, we need to learn from the Venezuelan example
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Capitalismo de austeridad / empobrecimiento: ¿qué podemos aprender del socialismo venezolano?
Iberoamerica Social: Magazine-social studies network., 2014Co-Authors: Cole M., Mclaren PeterAbstract:In this article, we begin by discussing austerity/Immiseration capitalism in Europe and the U.S. We go on to contrast this with twenty-first century socialism in the making, as an alternative to neoliberal capitalism in the Bolivarian Republic of Venezuela. Next we analyse opposition to the Bolivarian Revolution, with respect to internal and external forces, both of which are interlinked. We conclude with some thoughts about possible future developments in Europe and the U.S. respectively
Cole Mike - One of the best experts on this subject based on the ideXlab platform.
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Capitalismo de austeridad / empobrecimiento: ¿Qué podemos aprender del socialismo venezolano?
Asociación Reconocer, 2014Co-Authors: Cole Mike, Mclaren PeterAbstract:In this article, we begin by discussing austerity/Immiseration capitalism in Europe and the U.S. We go on to contrast this with twenty-first century socialism in the making, as an alternative to neoliberal capitalism in the Bolivarian Republic of Venezuela. Next we analyse opposition to the Bolivarian Revolution, with respect to internal and external forces, both of which are interlinked. We conclude with some thoughts about possible future developments in Europe and the U.S. respectively.En este artículo, comenzaremos hablando sobre el capitalismo de austeridad / empobrecimiento en Europa y EE. UU. Continuaremos comparándolo con el socialismo del siglo XXI en sus inicios, como alternativa al capitalismo neoliberal en la República Bolivariana de Venezuela. Después, analizaremos la oposición a la Revolución Bolivariana, con respecto a las fuerzas internas y externas, ambas relacionadas. Por último, concluiremos con algunas ideas sobre posibles desarrollos futuros en Europa y EE. UU., respectivamente
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Capitalismo de austeridad / empobrecimiento.
Asociación Reconocer, 2014Co-Authors: Cole Mike, Mclaren PeterAbstract:In this article, we begin by discussing austerity/Immiseration capitalism in Europe and the U.S. We go on to contrast this with twenty-first century socialism in the making, as an alternative to neoliberal capitalism in the Bolivarian Republic of Venezuela. Next we analyse opposition to the Bolivarian Revolution, with respect to internal and external forces, both of which are interlinked. We conclude with some thoughts about possible future developments in Europe and the U.S. respectively.En este artículo, comenzaremos hablando sobre el capitalismo de austeridad / empobrecimiento en Europa y EE. UU. Continuaremos comparándolo con el socialismo del siglo XXI en sus inicios, como alternativa al capitalismo neoliberal en la República Bolivariana de Venezuela. Después, analizaremos la oposición a la Revolución Bolivariana, con respecto a las fuerzas internas y externas, ambas relacionadas. Por último, concluiremos con algunas ideas sobre posibles desarrollos futuros en Europa y EE. UU., respectivamente
