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Lehrende: Prof. Dr. Jarko Fidrmuc
Veranstaltungsart:
Seminar
Orga-Einheit: Corporate Management & Economics
Anzeige im Stundenplan:
Current Issues CM
Semesterwochenstunden:
3
Credits:
5,0
Standort:
Campus der Zeppelin Universität
Unterrichtssprache:
Englisch
Min. | Max. Teilnehmerzahl:
5 | 35
Prioritätsschema: Standard-Priorisierung
Inhalte:
The seminar on Current Issues will concentrate on growth, financial markets and inequality. The so-called r>g model introduced by Piketty (2014), which relates the return on capital, r, income growth, g, to the level of inequality, has received enormous attention recently. We will review critically this discussion.
Content
Theoretical foundations of relationship between financial development, income growth and inequality;
Limits of markets and the so called “decline of capitalism”;
Lessons derived from the financial crisis;
Selected other areas of market failures (climate change), international cooperation;
Implication for the European policy and national policies.
The students should
Overview the methodology in theoretical and empirical literature on inequality, income growth and financial developments;
Discuss the recent issues of related to inequality development;
Evaluate the recent economic policies especially in the EU.
Literatur:
Acemoglu, D., J.A. Robinson (2015): The Rise and Decline of General Laws of Capitalism, Journal of Economic Perspectives 29, 3–28.
De Grauwe, Paul (2016): The Limits of the Market: The Pendulum Between Government and Capitalis. Forthcoming (preprints).
Piketty, T. (2014): Capital in the 21st Century, Belknap, Cambridge.
Piketty, T. (2015): Putting Distribution Back at the Center of Economics: Reflections on Capital in the Twenty-First Century. Journal of Economic Perspectives 29, 67–88.
Piketty, T., Saez, E. (2013): A Theory of Optimal Inheritance Taxation, Econometrica 81, 1851–1886.
Piketty, T. and G. Zucman (2014): “Capital is Back: Wealth-Income Ratios in Rich Countries, 1700-2010”, Quarterly Journal of Economics 129, 1255–1310.
CESifo (2015): Disputes about the Piketty’s r>g Hypothesis on Wealth Inequality, CESifo Forum 16, No 1, 3-66.
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