Archive - Steve Roth — Wealth Economics

Which of Piketty’s “Rich Get Richer” Theories Matters More?

Two explanations for The Matthew Effect

May 14 •

Trade Balances: It’s the Spending, Stupid

The obsession with measuring “production” results in strange misunderstandings.

May 3 •

February 2025

We Should Abolish “Capital”

Not the stuff. The word itself.

Feb 20 •

November 2024

How Units of Account “Came About”

It was not an act of intentional invention

Nov 25, 2024 •

October 2024

There But For the Grace of God Go I

Why are wealthy people…wealthy?

Oct 17, 2024 •

September 2024

Capital Gains: Realization Does Not Matter

The purchase/sale has zero effect on either party’s total assets or wealth.

Sep 20, 2024 •

July 2024

Actually Understanding Corporate Share Buybacks

Who gets the money? Follow the assets.

Jul 25, 2024 •

June 2024

May 2024

The “Wealth Effect” on Spending from Stock-Market Price Changes

A 1% increase in the stock market increases the next year’s GDP by about 0.2%.

May 20, 2024 •

How Did Under-40s Get So Much Richer During Covid?

Assets are up 48%, net worth up 72%. Where did the new wealth come from?

May 1, 2024 •

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