Welcome to another week in the world of Marginal Revolution! This week brings a diverse array of topics, from insightful profiles to economic analyses and exciting new opportunities.
A Profile in The Economist 1843
The big news this week is a profile piece featured in The Economist 1843 magazine. The author notes its accuracy and the quality of the accompanying photography, including a notable image of Spinoza. Registration might be required to access the full article. The piece also includes an excerpt featuring a question posed to Cowen about the criteria for perfection. Check it out here!
"I asked Cowen – it is the kind of question you come to ask him – what were the criteria for a perfect…"
Regime Uncertainty and its Impact
Next up is a discussion of "regime uncertainty." This concept, coined by Robert Higgs, describes the challenges businesses faced during Franklin Roosevelt’s New Deal. The unpredictable legislation, such as the National Industrial Recovery Act (NIRA), court-packing attempts, tax increases, and shifting labor policies, created an unstable environment. This made it difficult for businesses to make reliable long-term plans.
Emergent Ventures Expands to Taiwan
Exciting news for those in Taiwan! Emergent Ventures is launching a new Taiwan cohort, thanks to a generous donor. If you are based in Taiwan or know someone who would be a good fit, consider applying or recommending them. This is a fantastic opportunity for talented individuals in the region.
The Persistence of Multigenerational Wealth
Finally, a fascinating new paper by Doron Shiffer-Sebba examines how wealthy families preserve their fortunes across generations. In an era of increasing wealth inequality, the paper explores how markets, tax rates, and legal entities benefit economic elites. It's a thought-provoking look at the systems that perpetuate wealth across generations.
Assorted Links
Don't forget to check out the Monday assorted links, covering topics from platform competition to AI and more!
That's all for this week's roundup. Stay tuned for more insights and analysis from Marginal Revolution!