Where Assets (and “Money”) Come From
Zooming all the way out, what are the mechanisms that create new assets in the world?
Steve Roth — Wealth Economics
Economics as if wealth mattered
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Latest posts
The Magnum Opus is Out
With much appreciation to my co-author, the redoubtable Dirk Bezemer
Mortgage Payments and the Vibecession: Homeowners’ “Cost of Living”
Mortgage payments are most homeowners’ biggest monthly cash outlay. And they're way up.
Is a More Broadly Prosperous Country a Richer Country?
If you think human well-being matters, yeah.
Does Government Military Spending “Fund” Shareholder Dividends, Buybacks, and Concentrated Wealth?
Short answer: yeah. The long answer is…longer.
Inequality Researcher David Splinter Really Doesn’t Like (or Understand) Haig-Simons Income
And economists have widely ignored it, even while dubbing it the “preferred” measure of income.
“We Should Really Reduce National Productivity!“ (?%#&@#??)
Are these people crazy?
“We can have a democratic society or we can have the concentration of great wealth in the hands of a few. We cannot have both.”
Louis Brandeis says it all. Or did he?
Which of Piketty’s “Rich Get Richer” Theories Matters More?
Two explanations for The Matthew Effect
Trade Balances: It’s the Spending, Stupid
The obsession with measuring “production” results in strange misunderstandings.