Business / Finance

Recommended Reading: How Google Works

by robertrosenkranz on March 27, 2015

How Google Works is a fascinating look inside one of the most unique and effective corporate cultures anywhere. If you run a business or aspire to, or if you are starting one, you will almost surely come away with useful ideas.

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robertrosenkranzRecommended Reading: How Google Works

Best Business Columns of The Week: A Critic Of Inequality Backtracks

by robertrosenkranz on March 19, 2015

Originally Published in The Week, March 21, 2015

Best Columns: Business
By Robert Rosenkranz, The Wall Street Journal

“A critic of inequality backtracks”
French economist Thomas Piketty became the darling of the “redistributionist” crowd when his tome Capital in the Twenty-First Century became a big-think sensation last spring, said Robert Rosenkranz.  

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robertrosenkranzBest Business Columns of The Week: A Critic Of Inequality Backtracks

Wall Street Journal Op-Ed: Piketty Corrects the Inequality Crowd

by robertrosenkranz on March 9, 2015

Originally published March 8, 2015 in The Wall Street Journal
By Robert Rosenkranz

The economist’s book caused a sensation last year, but now he says the redistributionists drew the wrong conclusions.

‘Capital in the 21st Century,” a dense economic tome written by French economist Thomas Piketty, became a publishing sensation last spring when Harvard University Press released its English translation. The book quickly climbed to the top of best-seller lists, and more than 1.5 million copies are now in circulation in several languages.

The book’s central proposition, that inequality in capitalist societies will inevitably grow, can be summed up with a simple equation: r>g. That is, the return on capital (r) outpaces the growth rate of the economy (g) over time, leading inexorably to the dominance of inherited wealth. Progressives such as Princeton economist Paul Krugman seized on Mr. Piketty’s thesis to justify policies they have long wanted—namely, very high taxes on the wealthy.

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robertrosenkranzWall Street Journal Op-Ed: Piketty Corrects the Inequality Crowd

The Futures Market: It Suits The Saudis Fine

by robertrosenkranz on February 9, 2015

Meghan O’Sullivan was a co-panelist of mine at last summer’s Aspen Strategy Group symposium; she is extremely knowledgeable, and her judgments are astute, especially in her recent column “Why Saudis Are Holding Strong On Oil.”

In this case, I would argue, there is another reason why Saudis will stay the course on oil prices: the strip.

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robertrosenkranzThe Futures Market: It Suits The Saudis Fine

Good Deflation: a “Tax Cut” for Working Families

by robertrosenkranz on February 3, 2015

My latest column for the Huffington Post challenges conventional wisdom that deflation is bad.  On the contrary, deflation driven by the rapid decline in oil prices is good news for America.  Declining oil prices are, for the average family, the economic equivalent of a large tax cut.  This is one “gift horse” we shouldn’t be looking in the mouth.

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robertrosenkranzGood Deflation: a “Tax Cut” for Working Families