Epstein Secrets

t cherry-picked to support Mill’s idea. They are all | have found. My source for national accounts including market-valued capital was the website of Thomas Piketty and Gabriel Zucman adjusting their data to uniform accounting standards and measuring them in 2010 currency units. It also collects recent and past r

in the 1920s and reorganized them along Keynesian lines when the General Theory was published, reconstructed them back to 1870 for the U.S. economy. Piketty and Zucman incorporate this research and others. They have acted as editors only. As a layman, I would hardly be qualified to find and interpret orig

odeling what national accounts, again including accounts of market-valued capital, would have shown in years before they were founded in 1930 or so. Simon Kuznets, for example, who Chapter 2: Fast Forward 1/06/16 7 HOUSE_OVERSIGHT_010947 founded the national accounts in the 1920s and reorganized them along K

nce of this source in after-tax income. The Saez-Piketty analysis showed the concentration of growth at th

ct equality) and 100 points means all the income of the nation is received by one person (perfect inequality). As originally theorized by economist Simon Kuznets, the conventional expectation has been that as societies developed they went through a necessary period of high inequality during the transition fro

estment. My charts and tables will never be exact. There are inevitably errors and judgment biases in the national accounts and research assembled by Piketty and Zucman, more added by them, and more by me. These cautions will apply to later chapters as well. Chapter 4 Mill’s Idea 1/11/16 28 HOUSE_OVERSI

e in failure rates and learning curves that daily coping does. Macroeconomics and Keynes Macro emerged in the 1930s under the influence of Keynes. Simon Kuznets, the chief architect of the U.S. national accounts, was one of the five economists Keynes invited to proof the chapters of his General Theory as he w