Fetter participated in a notable debate with English economist Alfred Marshall, both through his 1904 Principles of Economics and a number of journal articles in the American Economic Association's journals and in the Quarterly Journal of Economics.
Since 1700, he reckons, wealth globally has enjoyed a typical pre-tax return of between 4% and 5% a year considerably faster than average economic growth.Doubting ThomasOther critics claim that Mr Piketty ignores bedrock principles of economics.
They might even enjoy it.* "Principles of Economics".
"Cigarette smoking does actually adhere to the fundamental principles of economics," he said.
Politics:...Opportunity cost is one of the key principles of economics.
And this principle of physics lines up perfectly with the principles of economics.
And yet "despite the enormity of recent events, the principles of economics are largely unchanged," Mankiw stated.
In my utopia, everyone would study the principles of economics in high school, just as everyone now studies American history.
Besides aiming for long-term capital growth, the fund teaches its investors about basic principles of economics and personal finance.
But there is another, more fundamental reason: Despite the enormity of recent events, the principles of economics are largely unchanged.
In-depth knowledge of the principles of economics and finance will also equip them to question accepted wisdom.
