The opening door

One door has closed. Another door opens.

door opening, person striding in, reverse smaller faded image of home page image,

Tag: economic history

  • The Price is Weird

    Part II In his 2013 book “Capital in the Twenty-First Century,” author Thomas Piketty observes a curious phenomenon about prices: Throughout the 1800’s, novels reported the incomes of their main characters—servants and peasants, not so much—as a way of benchmarking their social positions. Incomes also showed something of family history for the gentry, because people…