Krugman's 1992(!) inequality piece is remarkably, prescient, remarkably contemporary. @NYTimeskrugman http://prospect.org/article/rich-right-and-facts-deconstructing-income-distribution-debate …
.@pmarca A hypothesis: network effects typically give rise to increasing returns/winner-take all economies. And network effects are...
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@michael_nielsen@pmarca It’s the sociologists that have this down. The rich have ties to each other that help them find best capital opps -
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@michael_nielsen@pmarca inequality has more to do w/t state: subsidized leverage, risk floor to capital, gvt capture by private interests.Thanks. Twitter will use this to make your timeline better. UndoUndo
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