Thomas Piketty is wrong. Markets do not concentrate wealth. They work to diffuse wealth and limit the power of any single enterprise. Meanwhile, many lose their fortunes as quickly as they gain them.
This paper argues that it may be misleading to search for a direct causal effect of interest rates on the length of production because another, related factor affects it more directly. We name this factor intertemporal labor intensity...
Includes an introduction by Jeff Deist. Recorded via Skype at the Mises Institute in Auburn, Alabama, on 23 July 2015.
Recorded at the Mises Institute in Auburn, Alabama, on 22 July 2015.
Recorded at the Mises Institute in Auburn, Alabama, on 21 July 2015.
Krugman is confused as to why so much technological growth in recent years has not led to more economic growth. The answer lies in the fact that true technological change requires funding — and thus real savings — to be implemented.
This is a rejoinder to “The Marginal Efficiency of Capital: Comment” by Lucas M. Engelhardt. Engelhardt incorrectly ranks investment projects by Present Value instead of Net Present Value.
This is a brief reply to “The Marginal Efficiency of Capital: Rejoinder.”
