capital

In recent weeks, the possibility of returning compulsory military service for all adult males in Bulgaria has been increasingly seriously considered. This is an idea that has long seemed to have captured the public imagination and is receiving fairly broad support among the Bulgarian people. Is this support justified, however? Will …

Frank Shostak In his article “The Big Meh,” Paul Krugman laments that despite all the advances in information technology, its effect on economic growth has so far been negligible. He writes: “The entire digital era, now more than four decades old, seems like a disappointment. New technologies have led to great discoveries, but …

International organizations, such as the UN, the EU, the World Bank, and the IMF, often emphasize how important education is for economic growth. This is a thesis with which I generally agree. Education is important and it is good for people to be educated. The logic of the prominent organizations, as well as the various private individuals who also …

June 16, 2014 by Phil Magnes In the past few days, Thomas Piketty and a few of his more unscrupulous defenders have begun to declare the data controversy surrounding Capital in the Twenty-First Century to be over, following the publication of Piketty’s response to Chris Giles of the Financial Times. I argue that the controversy is not …