My life as an economist started in October 1990, when I arrived at college with the firm conviction that I would make economics my profession. (In old Europe you select your major the summer before starting college. Yes, I know, it does not make much sense, but nothing makes that much sense in . . . . Continue Reading »
I found myself backtracking after working through Piketty’s discussion of inequality of labor income. That’s because there’s data that works against his main thesis that, because r>g, capital becomes ever more important than labor. Continue Reading »
Piketty toggles back and forth between numbers and speculation (often political and sociological) with enough frequency to hold the lay reader’s interest. I see now why the book has been a hit. Continue Reading »
Part Two of Thomas Piketty’s Capital in the Twenty-First Century concerns history of capital in relation to income (the capital/income ratio) over the course of the twentieth century. Continue Reading »
I’ve started reading this year’s big book, Thomas Piketty’s Capital in the Twenty-First Century. Fascinating stuff, at least to this non-economist. He engages in Big Think, which of course appeals to me. Anyone who writes an essay like “Empire of Desire” is bound to . . . . Continue Reading »
Subscribe
Latest Issue
Support First Things
