New French Book on Growing Inequality
It sounds like Thomas Piketty, who is French, has written an important book about the trends of distribution of wealth and income in 20th-21st century economies, primarily in developed economies. The general story is that the “natural” rate of accumulation of capital is on the order of five-six percent per annum, while the natural rate […]
Scorsese’s “The Wolf of Wall Street”
I hope that the reader will allow me to offer a dissenting view of Martin Scorsese’s “The Wolf of Wall Street.” It’s too long, much of it is boring, and considered even as satire or black comedy it is unconvincing. I did laugh heartily at a few points in the movie, in particular at the […]