Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    The Piketty Task
    The Piketty Task
    The Piketty Task
    Ebook66 pages48 minutes

    The Piketty Task

    By Ed Conduit

    ()

    Read preview

    About this ebook

    Piketty’s data describe the way that the pressure of investors for return on capital in low growth situations causes decline in real wages. The state can intervene to recoup some capital for the general good. In Britain the private housing market is taking up land from cash-strapped councils either to gain value while left empty or as buy-to-let. An alternative public housing model is outlined. Public debt accumulated mainly through spending on education and through loans to banks. Austerity policies are not reducing public borrowing. Ways of getting returns from education and getting the best value from the state’s share of RBS and Lloyds are discussed. National debt now exceeds nation GDP by three times – a puzzling statistic. Some tentative thoughts on reducing this debt are offered, with special reference to Greece.

    LanguageEnglish
    PublisherEd Conduit
    Release dateJan 30, 2015
    ISBN9781310969447
    The Piketty Task
    Author

    Ed Conduit

    Ed Conduit worked as a clinical psychologist for 43 years and has further degrees in lecturing, computer science and linguistics. He has no formal training in economics, but thinks that social democrats at the present time are obliged to try to understand money. His professional habit of trying to empathise with diverse peoples helps him achieve the national outlook of people in many nations.Ed's other e-book on politics and ecology is “Unsustainable Population”. He has also writtene-books on linguistics: "The Black Country Dialect", "Lakeland Language" and "The Iceland Bus”. His work on health psychology was printed in 1995 as “The Body Under Stress".

    Read more from Ed Conduit

    Related to The Piketty Task

    Related ebooks

    Public Policy For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      Open Borders, 2050

      Dec 18, 2019

      Open Borders, 2050
      6 min read

    • Article

      Hang A Left

      Jul 9, 2020

      Hang A Left
      2 min read

    • Article

      The Truth Behind Selfies

      May 1, 2020

      The Truth Behind Selfies
      3 min read

    • Article

      How Can I Cut My Toxic Mother Out Of My Life?

      Nov 26, 2021

      I have kept secrets for my mother for many years. She has had several extramarital affairs and I am the only one who knows about these. She despises my father and tells me whenever we meet of his failings and of her disappointments in life. She discu

      3 min read

    • Article

      Wealth By Stealth

      Jul 17, 2022

      Wealth By Stealth
      10 min read

    • Article

      A Human Story

      Aug 20, 2020

      A Human Story
      6 min read

    • Article

      A Cause For Celebration

      Sep 30, 2020

      A Cause For Celebration
      15 min read

    • Article

      Best Of The Financial Columnists

      Feb 26, 2021

      Sir Paul Chambers may not be a household name, but his ideas resulted in the current pay-as-you-earn, or PAYE system, introduced in 1944, says Ed Conway. Before then, most people paid tax (resentfully) in arrears. Since then, the system has been expo

      3 min read

    • Article

      The Bank of Mum and Dad

      Jul 31, 2022

      The Bank of Mum and Dad
      9 min read

    • Article

      Utopia lab

      Apr 19, 2021

      Utopia lab
      3 min read

    • Article

      Best Of The Financial Columnists

      Jul 16, 2021

      Our top universities are “pretty extraordinary”, says Emma Duncan. Britain has 1% of the global population, but two of its top ten universities. Cambridge alone has 121 Nobel laureates, more than Germany or France. But if we have plenty of top univer

      3 min read

    • Article

      Editor’s Letter

      Feb 6, 2023

      I have some good news. Homelessness will be ended soon. Which is something of a relief. The UK government is spending £2 billion over the next three years to get to its manifesto promise of ending rough sleeping by 2024. And if we have all learned an

      2 min read

    • Article

      Best Of The Financial Columnists

      Feb 10, 2023

      Minxin Pei Bloomberg Chinese vice-premier Liu He left a “strong impression” at Davos with assurances that “China is back”, says Minxin Pei. Few Western CEOs can “afford to miss out on China’s anticipated 5.5% GDP growth in 2023”. However, Chinese

      3 min read

    • Article

      Best Of The Financial Columnists

      Sep 24, 2021

      The current government deserves credit for tackling the social-care funding crisis, says Mark Littlewood. However, raising national insurance (NI) on workers to pay for the current generation of the elderly by placing a “serious financial burden” on

      3 min read

    • Article

      The Solutions We Don’t Need

      Jul 24, 2020

      a few weeks ago, a small group of social scientists, most of whom enjoy, like I do, the comforts of academic life, wrote an open letter to finance minister Tito Mboweni, telling him to spend more. They are concerned about the prudent supplementary bu

      4 min read

    • Article

      Bird’s Words

      Feb 26, 2024

      A woundedness always haunts governments that are losing the contest for the popular vote. Hence the kybosh of current political leadership. A sense of unbelievability descends. Ministers who formerly could bat off the most difficult of interrogations

      3 min read

    • Article

      Best Of The Financial Columnists

      Jun 24, 2022

      Editorial The Economist Russian missiles and artillery have destroyed Ukrainian towns, smashed stations, ports and telecoms towers, hit more than 1,000 schools and damaged roads and agricultural land, says The Economist. The cost of rebuilding th

      3 min read

    • Article

      Best Of The Financial Columnists

      Jun 25, 2021

      Brexit was supposed to lead to deregulation, so why is the government reportedly suggesting making remote working a legal right? asks Jeremy Warner. This is a “ludicrously right-on and potentially destructive idea”. Yes, the pandemic has shown that w

      3 min read

    • Article

      Moneythe Ultimate Decolonizer?

      Aug 10, 2021

      Moneythe Ultimate Decolonizer?
      12 min read

    • Article

      So Far It's A Grand Decade For Billionaires, Says New Report. As For The Masses ...

      Jan 14, 2024

      As the World Economic Forum kicks off in Davos, the charity Oxfam has issued its annual report on wealth, poverty and inequality. It makes some bold assertions. But there are skeptics.

      4 min read

    • Article

      Illiteracy Of The Tax-cut Lobby

      May 26, 2022

      HEADLINES ARE OF course intended to cause groans over the cornflakes. But some are more groan-worthy than others. A prize should be awarded to the Daily Telegraph. Recently the main story on its front page was heralded with the words, “Sunak faces Ca

      3 min read

    • Article

      Does Canada Have an Income- Inequality Problem?

      Sep 1, 2017

      CHANGES IN WEALTH and income inequality around the world are largely the result of two structural changes in society: The role of government and the dynamics of economic change. Neither have been particularly controversial until the publication of Th

      11 min read

    Related categories

    Reviews for The Piketty Task

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      The Piketty Task - Ed Conduit

      Piketty Task

      Generation and Distribution of Wealth in 2015

      Published by Laghamon at Smashwords

      The Piketty Task

      Generation and Distribution of Wealth in 2015

      Published by Laghamon at Smashwords

      By Ed Conduit

      October 2015 edition

      Smashwords Edition Licence Notes: this book is produced in the general interest and may be freely copied.

      This book continues the thesis that nationalism is a distraction from economic leadership, proposed in a previous e-book, Scotland? No such country!, and offer some contributions to that leadership.

      Harry Potter and the QE App

      In this story the people of the world are enslaved by debt. One day Draghi, one of the grand wizards, is heard to say I hereby create one trillion euros by quantitative easing. Soon the ECB is buying assets with this magic money and nobody seems to notice. Harry and his chums discover that certain grand wizards hold a magical device even more powerful than the elder wand: the QE App. These grand wizards lead a secretive existence as governors of central banks. With the App a governor can perform a spell called Quantitative Easing, in which money is created from vacuum. The novice wizard Tsipras learns in Magic 101 that the spell can be used in reverse, and utters the words debt national Greek abolish hereby I. But he does not know the password.

      Harry is tempted to help young Tspiras, but then learns a darker secret about the money system. The muggles’ money says on it I promise to pay the bearer on demand the sum of twenty pounds, and they believe the bank has gold in a remote stronghold called Fort Knox. But Harry finds out that the gold standard spell was lost in the Bretton Woods, Fort Knox is empty and money is now held together by a master spell called fiat parity.

      When the QE spell is used by a grand wizard a little of the magic leaks out as inflation. But using the backwards QE spell releases more unpredictable magical energy. When the renegade wizard Landsbanki of the Land of Ice cast it, he unbound the ancient curse of Eyjafjallajökull and struck down all flying creatures. The muggles of Greece might be freed from the austerity spell. But is parity magic is strong enough to withstand the backwards QE App? Or will the QE app contaminate the muggles of Angle-land? Should Harry help Tsipras?

      The Author

      Ed Conduit has practised as a clinical psychologist for forty years and has further degrees in lecturing, computer science and linguistics. He has no formal training in economics, but thinks that social democrats at the present time are obliged to try to understand money. His professional habit of trying to empathise with diverse peoples helps him achieve the national outlook of people in many nations.

      Ed's other e-book on politics and ecology is Unsustainable Population. He has also written e-books on linguistics: The Black Country Dialect, Lakeland Language and The Iceland Bus. His work on health psychology was printed in 1995 as The Body Under Stress.

      The author may be contacted at: laghamon@yahoo.co.uk 

      Future iterations of this book will include analysis and data from readers

      Table of Contents

      Harry Potter and the QE App

      The author

      Preface

      The political economy in 2015

      The market will provide

      Nationalism is a distraction from economic leadership

      The Piketty task: reclaim private profit for the general good

      Low-skills low-cost work and Britain’s dependence on immigrant workers

      Britain’s high-skills economy and the mismatch with graduate output

      Tax recovery by governments in the EU

      The Keynesian multiplier in state spending

      The future of the state’s share in RBS and Lloyds

      Restore the state as the major stakeholder in housing

      Renationalise utilities?

      Tourism as major earner

      Clap your hands if you believe in money

      A wealth tax

      National debt

      Apart from income generation?

      How can people influence political decisions?

      References

      Preface

      The main economic problems in 2015 are national debt and declining real incomes. Piketty’s theory of investment and growth is outlined before

      Enjoying the preview?
      Page 1 of 1