Capital in the Twenty First-Century suffers from erroneous assumptions about the burden of government borrowing and the rise in managerial productivity. These shortcomings reflect a larger, overarching failure in the book: its paucity of microeconomic analysis.
Read the Full Article
(PDF, 5 pages)
|Other Independent Review articles by Donald J. Boudreaux|
|Winter 2015||Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge and Change|
|Winter 2012||Bourgeois Dignity: Why Economics Cant Explain the Modern World|
|Fall 2011||Peddling Protectionism: Smoot-Hawley and the Great Depression|
|[View All (9)]|