…century is vague. Surowiecki asserts that the 21st century is different as he considers the recent expansion of finance to be quite different from earlier ones. The more quantiative evidence…

…of redistribution” in the 21st century would not be a joke. It would be a farce. Such programs were already advocated in the 19th century by Proudhon and Sismondi —…

…economic decision-making may have emerged from changes in the role of finance in business and the composition of high-end portfolios. My purpose was to push back against the common tendency…

Baseball lost a piece of history yesterday, as my great-aunt Edith died, about a week shy of what would have been her 101st birthday. Reference articles here, here, and here….

…factors that have nothing to do with economic conditions or inflation…. [M]oving just 0.1% of the financial wealth of US households into gold could be enough to have a dramatic…

…that I consider to be simply bombshells in their significance. In Part 4, “Regulating Capital in the Twenty-First Century,” Piketty calls for a new “social state” for the new century,…

…trends have we seen over that quarter century? How did the wealth/age dynamic look in 1989? What does it look like today? How has it changed? I’m going to concentrate…

…century” as WW I broke up the order that was established a century earlier in the mid-eighteen-teens at the Congress of Vienna after Napoleon was finally defeated at Waterloo. This…

…The second century involves a flattening out and slowing of growth. In the third century corruption of the exams rises as does general corruption and stagnation as the incompetent bureaucracy…

…20th century. It may be that this centennial will clearly mark the end of this odd phenomenon that we had been used to, but which was always a bit odd….