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
That anti-government refrain about Minnesota being too generous for workers — and thus, bad for business — always tends to grow louder as temperatures and political campaigns heat up. But so far this summer we seem to be hearing a little less exaggerating about all our “successful” people and businesses packing up and moving to low-tax states like Florida. It could be that all the economic news and statistical evidence... Read More
ST. PAUL LEGAL LEDGER CAPITOL REPORT The Harvard Business School recently published a paper, as part of its U.S. Competitiveness Project, headlined “Reinventing the Local Education Ecosystem,’’ analyzing a particularly ambitious national movement to improve educational and economic outcomes. The lengthy Wikipedia explanation of “ecosystem’’ is all about biology and the natural environment, of course. But 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 Wikipedia defines “social capital” as the economic benefit created when individuals and groups connect and cooperate with each other and thereby increase their productivity. Further inquiry reveals that this term is not just some new buzz-phrase concocted by do-gooders seeking racial harmony and multiculturalism. It is actually a timeless concept that was encouraged by the Founding Fathers, and... Read More
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