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Michael Thrower Chowdhury

@bevansadvocate.bsky.social

2.8K followers 450 following 510 posts

he/him | Australian economist living in Sydney | Views expressed are my own | Posts about Econ and welfare states

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Michael Thrower Chowdhury @bevansadvocate.bsky.social · 7d

During WW2, Milton Friedman argued against sales taxes in favour of the income tax. This was primarily for equity reasons, noting income tax “permits the cost of the war to be distributed explicitly in a socially desirable manner.”

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Michael Thrower Chowdhury @bevansadvocate.bsky.social · 10d

I turned the Atkinson-Stiglitz (1976) critique of Ramsey Taxes into a meme

Michael Thrower Chowdhury @bevansadvocate.bsky.social · 17d

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Michael Thrower Chowdhury @bevansadvocate.bsky.social · 17d

My reads since July

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Michael Thrower Chowdhury @bevansadvocate.bsky.social · 22d

Some recommendations in economic history

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Michael Thrower Chowdhury @bevansadvocate.bsky.social · Sep 6

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Michael Thrower Chowdhury @bevansadvocate.bsky.social · Sep 6

Interesting Stiglitz passage reconciling Piketty's R>G with traditional neoclassic understandings of capital. Basically the volume of wealth ≠ the capital stock, as it also includes exploitation rents. Wealth can actually increase while the capital stock declines.

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Michael Thrower Chowdhury @bevansadvocate.bsky.social · Aug 26

This tome of a book is excellent. I've always liked Stiglitz, but wished his books did more academic deep dives. This book does that, presenting the current research on inequality, as well as the corresponding models plus variations. Highly recommend.

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Michael Thrower Chowdhury @bevansadvocate.bsky.social · Aug 25

www.bevansadvocate.com/p/pre-transf...

Pre-transfers, the Child Poverty Rate is 100%

Transfers, households, and self sufficiency

www.bevansadvocate.com

Michael Thrower Chowdhury @bevansadvocate.bsky.social · Aug 25

My contribution to the welfare state debate: Pre-transfers, the Child Poverty Rate is 100%
[Link below]

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Michael Thrower Chowdhury @bevansadvocate.bsky.social · Aug 24

A nice passage from Barr explaining why publicly provision is gold flr healthcare, but food stamps are bad (just give them money). It comes down to whether market mechanisms work in the sector. If they do, then the key issue for the poor is their lack of purchasing power.