Celebrating humanity's flourishing through the spread of capitalism and the rule of law
24 May 2016 Leave a comment
in economic history, entrepreneurship, human capital, industrial organisation, labour economics, labour supply, occupational choice, politics - USA, poverty and inequality Tags: entrepreneurial alertness, superstar wages, superstars, top 1%, top incomes
Looks like the Reagan Revolution coincided with the American rich going out to work for a living. They started earning most of their incomes from wages, salaries and pensions or from entrepreneurial income. The American rich are now working rich; top wage earners, not top income earners.
Source: The World Wealth and Income Database.
24 May 2016 Leave a comment
in entrepreneurship, financial economics, health economics Tags: creative destruction, efficient markets hypothesis, entrepreneurial alertness, marijuana decriminalisation, medical marijuana decriminalisation, R&D
24 May 2016 Leave a comment
in development economics, economics, economics of religion, energy economics, entrepreneurship, environmental economics Tags: The Great Enrichment
23 May 2016 Leave a comment
in applied price theory, applied welfare economics, economic history, entrepreneurship, human capital, industrial organisation, labour economics, labour supply, occupational choice, poverty and inequality, survivor principle Tags: entrepreneurial alertness, envy, superstar wages, superstars, top 1%, top incomes
Everybody from the top 10% to the top 0.01% have to work for their living these days with much of their income coming from wages.
Source: The World Wealth and Income Database.
20 May 2016 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economics of regulation, entrepreneurship, law and economics, property rights Tags: patents and copyright
20 May 2016 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, economics of media and culture, economics of regulation, entrepreneurship, environmental economics, industrial organisation, liberalism Tags: offsetting behaviour, The fatal conceit, The pretence to knowledge
16 May 2016 Leave a comment
in applied price theory, applied welfare economics, economic history, entrepreneurship Tags: superstars
15 May 2016 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, entrepreneurship Tags: market process
10 May 2016 Leave a comment
in economic history, economics of media and culture, entrepreneurship Tags: living standards, The Great Enrichment
10 May 2016 Leave a comment
in applied price theory, economics of media and culture, entrepreneurship, industrial organisation, survivor principle, theory of the firm Tags: anti-market bias, entrepreneurial alertness, profit and loss, rational irrationality, superstars
10 May 2016 Leave a comment
in economics of regulation, entrepreneurship, industrial organisation, law and economics, property rights Tags: barriers to entry, doing business
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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