Are we currently living in a new Gilded Age embodied by the multi-billionaires of the Forbes 400, with their excesses of utopian cities and space tourism? Inclusion on The Forbes 400 list for 2021 requires net worth of at least $2.9 billion. However, these data underestimate women’s achievements, and conceal an underlying pattern of increasing entrepreneurial opportunities, socioeconomic mobility, and philanthropy by “robber baronesses.”
Economics of/for The Common Good
Like China, Americans were notorious for cultural piracy and weak copyrights. The U.S. finally acknowledged international copyrights when the balance of trade in cultural goods shifted in their favour. Similarly, China today is strongly enforcing copyrights to protect its emerging global leadership in cultural creativity.
Prof. Samuel P. Newman (appointment in Political Economy, 1824-1839). Samuel Phillips Newman and Bowdoin Economics In 1824, Bowdoin was the first American College to officially introduce a faculty position dedicated to instruction in Economics (or Political Economy, as it was then known). The University of Virginia in 1826, and Brown University in 1828, followed Bowdoin, […]