ST. PAUL LEGAL LEDGER CAPITOL REPORT Joseph E. Stiglitz was a rising star in the field of economics and the author of a textbook, “Economics of the Public Sector,” for a graduate course that I was privileged to audit as part of a journalism fellowship at Stanford University in the early 1990s. That well-worn textbook is still in easy reach on my shelf, in part because since then, Stiglitz has grown enormously in stature. He won th... Read More
ST. PAUL LEGAL LEDGER CAPITOL REPORT If you are wondering whether Minnesota really needed both a sharp increase in the minimum wage AND a Women’s Economic Security Act AND various measures to reduce racial disparities, there is a brand new 50-page report that deserves your attention. “Making Work Pay in Minnesota,’’ a comprehensive study issued at the end of the legislative session by the House Select Committee on Livi... Read More
ST. PAUL LEGAL LEDGER CAPITOL REPORT Policy wonks are abuzz everywhere over French economist Thomas Piketty’s dense and monumental book, “Capital in the 21st Century,”and about the seeming inevitability of widening inequality under global capitalism. But a poignant scene in the movie “Inequality for All” brings home that reality in a way that charts and graphs can never capture. A struggling West Coast couple, ... Read More
ST. PAUL LEGAL LEDGER CAPITOL REPORT Pulitzer Prize-winning journalist Hedrick Smith made some waves in Minnesota recently with speeches and media appearances related to his most recent masterpiece, a book that serves as something of a socioeconomic historical whodunit, entitled “Who Stole the American Dream?” Most Minnesotans probably know a little something about how overall economic inequality has worsened over the last 40 year... Read More
ST. PAUL LEGAL LEDGER CAPITOL REPORT A recent report by the national research group PolicyLink features three maps showing Minnesota’s changing demographics over the course of 60 years, with each of our state’s 87 counties shaded to indicate the evolution of our diversity. Source: Policy Link, U.S. Census Bureau, Woods & Poole Economics. The 1980 map is almost all homogenous, with people of color comprising more than... Read More
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