I just completed a series of posts on Thomas Piketty’s “Capital in the Twenty-​First Century,” a book that experienced an astonishing publications history — despite being 700 pages long and a hard slog — because it caught the exact tenor of the times. A very different and more accessible book that enjoyed similar popularity, and for the…

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  • Issue Year 2018
Last week we discussed Fundamental Law of Private Capital #1 — that private capital is the secret weapon that allows some economies to out-​compete others. This week we’ll turn to Fundamental Laws #2 and #3.

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  • Issue Year 2018
  • Sub Heading On r > g, Part V
A few years after “Capital in the Twenty-​First Century” exploded on the scene, the University of Chicago surveyed 36 well-​known economists, asking if they agreed with Piketty. The results? One yes and 35 no’s.

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  • Issue Year 2018
  • Sub Heading On r > g, Part IV
We are talking about Thomas Piketty’s “Capital in the Twenty-​First Century,” including its extraordinary publishing history and its subsequent fade from grace. I reviewed the various problems with Pikkety’s theses as they have been noted in the economics literature, and I also proposed my own view of the book’s central problem: that its…

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  • Issue Quarter Between the Issues
  • Issue Year 2018
  • Sub Heading On r > g, Part III
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