Books by Edward Conard

That is the topic of my latest Bloomberg column , which focuses on Edward Conard’s new book The Upside of Inequality (not a good descriptive title for the book, in my view).  Conard’s central idea is that risk-bearing equity capital is the truly scarce asset in most economic situations, and economic analysis should adapt accordingly.  He is very creative in seeing some of the implications of this view, for instance: