Our interview today is with Eric Schoenberg, who is one of the very few people deeply exploring inherited wealth in academia, and we cover his own inheritance and family life, why he became interested in studying wealth, economic concepts like the bequest motive, revealed preferences, and the wonderfully named “spite clause” as well as Eric’s considered thoughts on why people do what they do with their fortunes. He also speculates on who was the wealthiest American ever, and it is not who you think.

Eric Schoenberg was educated at Harvard, received an MBA from Wharton, worked as a diplomat at the State Department, and became a partner in an investment bank during the dot com boom. His experience there led him back to school at Columbia, where he attained a Ph.D. in psychology. He has taught at Columbia and Wharton, and recently released a limited podcast series of seven episodes called You Can’t Take it with You.

Just a reminder, this podcast is for entertainment purposes only, and should not be considered legal or investment advice. Please enjoy my conversation with Eric Schoenberg.

YOU CAN’T TAKE IT WITH YOU: https://www.buzzsprout.com/2079097

FULL BIO: https://www.allamericanspeakers.com/celebritytalentbios/Eric+Schoenberg/408740

Joe Reilly is a family office consultant, and the host of the Private Capital Podcast as well as the Inheritance Podcast.

FOLLOW JOE: https://twitter.com/joereillyjr

WEBSITE: https://www.circulus.co/

PRIVATE CAPITAL PODCAST: https://podcasts.apple.com/us/podcast/private-capital/id1644526501

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