The Top One %

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You fault him for focusing on the top one %. What's wrong with that? Isn't that important? Wit, what's your critiq o, it's absolutely important. You know, south africa is a case studying inequality. One of the most unequal countries in the world. But it's not about the top one%. It's about blacks werse as the rest of society,. or white vers blacks and colors, throughout the parsite period. And you know, this is just like a beautiful political economy analysis.

Daron Acemoglu, the Elizabeth and James Killian Professor at the Massachusetts Institute of Technology, talks with EconTalk host Russ Roberts about his new paper co-authored with James Robinson, "The Rise and Fall of General Laws of Capitalism," a critique of Thomas Piketty, Karl Marx, and other thinkers who have tried to explain patterns of data as inevitable "laws" without regard to institutions. Acemoglu and Roberts also discuss labor unions, labor markets, and inequality.