Calibrating Global Poverty

The latest PPP update from the International Comparison Program (ICP) needs careful interpretation and less mobility in poverty goalposts…
World Bank ICP Report Summary, 30 Apr 2014 (covering almost 200 countries and using 2011 as the reference year)
Global Absolute Poverty Fell by Almost Half on Tuesday, Center for Global Development, 2 May 2014
What Do New Price Data Mean for the Goal of Ending Extreme Poverty? Brookings Institution, 5 May 2014
Playing with and Understanding Purchasing Power Parities, World Bank blog, 7 May 2014

Piketty Mix

Personally, I have enjoyed reading Piketty’s grand historical sweep of wealth and inequality: it is a welcome return to proper classical political economy, rooted in careful (but humble) data analysis, refreshingly maths-lite and delightfully bold in its policy proposals. There are many who believe that the work is a major classic, others not so sure. Here are a few reviews. The best strategy is to dive in, read it and enjoy. At the very least it might persuade you to bulk up your summer reading list with Balzac and Austen.

Why We’re in a New Gilded Age, Paul Krugman
Thomas Piketty Is Right: Everything you need to know about ‘Capital in the Twenty-First Century’ Robert Solow
Capital Punishment: Why a Global Tax on Wealth Won’t End Inequality, Tyler Cowen
Capital in the long run, The Economist

On a less serious note…
A blagger’s guide to Thomas Piketty’s ‘Capital in the Twenty-First Century’ The Spectator
How to write a Thomas Piketty think piece, in 10 easy steps, Washington Post