er, father of national accounts, originator of present value theory and human capital and next generation theory, and esteemed by both Adam Smith and Karl Marx for other innovations I don’t mention. Such men are understood slowly and incompletely. Forward By The Author 04/18/16 4 HOUSE_OVERSIGHT_010916 -

of the instinct for competition, for constant new innovation, delivered the modern world you and | live in today. “All fixed, fast-frozen relations,” Karl Marx and Friedrich Engels wrote in 1849 about the speed of this change, “are swept away. All new-formed ones become antiquated before they can ossify. All