Source: Price Waterhouse Coopers (2016) BILLIONAIRES INSIGHTS The changing faces of billionaires.
Creative destruction in billionaires
25 Apr 2016 Leave a comment
in economic history, entrepreneurship, industrial organisation, survivor principle Tags: billionaires, entrepreneurial alertness, superstars
How did German, Italian, French, British and American billionaires make their money?
26 Feb 2016 Leave a comment
in economic history, economics of regulation, entrepreneurship, industrial organisation, survivor principle Tags: billionaires, British economy, entrepreneurial alertness, France, Germany, Italy, superstar wages, superstars
@BernieSanders how did Danish, Swedish, Finnish & Norwegian billionaires make their money?
25 Feb 2016 Leave a comment
in economic history, entrepreneurship, industrial organisation, politics - USA, survivor principle Tags: 2016 presidential election, billionaires, Denmark, entrepreneurial alertness, Finland, inherited wealth, Norway, superstar wages, superstars, Sweden
OK, Nordic billionaire population sizes might be small, but plenty more billionaires make their own money in neoliberal USA than in Bernie Sanders’ Utopia
Chinese, Hong Kong, Taiwanese and Japanese billionaires by source of wealth
24 Feb 2016 Leave a comment
in development economics, economic history, entrepreneurship, financial economics, growth miracles, industrial organisation, rentseeking, survivor principle Tags: billionaires, China, entrepreneurial alertness, Hong Kong, Japan, superstar wages, superstars, Taiwan
Surprisingly few billionaires in any of the 4 countries obtained their wealth through political connections. Founding a company seems to be still the path of great wealth even in Japan these days. Hong Kong is a financial centre so the large number of billionaires in its financial sector is no surprise.
How did Pinoy billionaires make their money?
18 Feb 2016 1 Comment
in applied welfare economics, economic history, entrepreneurship, financial economics, industrial organisation Tags: billionaires, entrepreneurial alertness, Philippines, superstars, top 1%
A surprisingly large number of Filipino billionaires are in the financial sector.
How did India’s billionaires make their fortunes
17 Feb 2016 Leave a comment
in applied welfare economics, development economics, economic history, economics of regulation, entrepreneurship, growth disasters, growth miracles, industrial organisation Tags: billionaires, entrepreneurial alertness, India, superstars, top 1%
A decent number of India’s billionaires founded a company.
How did British billionaires make their money
16 Feb 2016 Leave a comment
in applied welfare economics, economic history, economics of regulation, entrepreneurship, financial economics, human capital, industrial organisation, labour economics, poverty and inequality, survivor principle Tags: billionaires, British economy, entrepreneurial alertness, superstars, top 1%
Inheriting wealth is not what it used to be in Britain. There are all these upstarts running businesses or working in the City.
How did the Chinese billionaires make their money?
15 Feb 2016 Leave a comment
in applied price theory, development economics, economic history, entrepreneurship, growth miracles, human capital, industrial organisation, labour economics Tags: billionaires, China, entrepreneurial alertness, superstars, top 1%
Why some billionaires are bad for growth, and others aren’t
22 Aug 2015 Leave a comment
in applied price theory, applied welfare economics, economics of bureaucracy, economics of regulation, financial economics, income redistribution, industrial organisation, politics - Australia, politics - New Zealand, politics - USA, Public Choice, rentseeking, survivor principle Tags: Australia, billionaires, Russia, top 0.1%, top 1%
…Bagchi and Svejnar carefully went through the lists of all the Forbes billionaires, and divided them into those who had acquired their wealth due to political connections, and those who had not. This is kind of a slippery slope — almost all billionaires have probably benefited from government connections at one time or another.
But the researchers used a very conservative standard for classifying people as politically connected, only assigning billionaires to this group when it was clear that their wealth was a product of government connections. Just benefiting from a government that was pro-business, like those in Singapore and Hong Kong, wasn’t enough.
Rather, the researchers were looking for a situation like Indonesia under Suharto, where political connections were usually needed to secure import licenses, or Russia in the mid-1990s, when some state employees made fortunes overnight as the state privatized assets.
…The negative effects of wealth inequality are largely being driven by politically connected wealth inequality. That seems to be the primary channel that drives this relationship…
a 3.72 percent increase in the level of wealth inequality would cost a country about half a percent of real GDP per capita growth. That’s a big impact, given that average GDP growth is in the neighbourhood of two percent per year
Utopia, you are standing in it! 
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