Alex Sayf Cummings has posted an article at Tropics of Meta discussing the themes that connect Wes Anderson’s Grand Budapest Hotel to Thomas Piketty’s influential work Capital in the Twenty-first Century. Normally, people would not associate the work of an idiosyncratic filmmaker to economic history. Cummings points out that it was the destruction of the aristocratic world described in Budapest Hotel that finally leveled the inequality that had become embedded in Europe. Only the horror of World War II was able to eliminate the wealth of the privileged. Piketty’s claims that we are now creating a new aristocratic era because the income and value of inherited wealth and investment are taxed at lower rates and grow much more quickly than wages. It is a fascinating article that is worth reading.
Tags » Economic History
Tom Palley has written a blog post politely requesting that Paul Krugman might give a bit of recognition to non-mainstream contributors to economics. It would be nice to see this happen but I doubt that it will (although Palley is getting a bit of blog play out of it which is nice). 1,119 more words
Political scientists, law professors, journalists and other scholars often rate the performance of presidents and their administrations based on character and management skills; they are judged, for example, by charisma, management style, or communication skills. 344 more words
Wes Anderson has always had a penchant for the past. Ever since The Royal Tenenbaums, his movies have increasingly drifted into a historical aesthetic, from the shabby (The Tenenbaums’ vaguely 70s-esque New York) to the quaint (the warm agrarian hues of 1960s New England in Moonrise Kingdom). 2,250 more words
In Britain we have some of the highest bus and train fares in the world, yet the service we pay for is one of the worst in the developed world. 1,851 more words