Tag: Eric D. Beinhocker

Discounting “Evil” Capitalism

Feb 7, 2007

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by

mwkruse

in Capitalism and Markets, Economics, History, Trends: Economic, Trends: Social, Wealth and Income

Recently I have been working my way through Eric D. Beinhocker's Origin of Wealth: Evolution, Complexity and the Radical Remaking of Economics. Early in the book, Beinhocker comments on a study by J. Bradford DeLong. According to data compiled by Berkeley economist J. Bradford DeLong, it took 12,000 years to inch from the $90 per-person…