NathanLazarus

You often refer to Communities of Engineering Practice (and Excellence), but I feel I've never gotten a history or formal definition (feel free to say it's in your book). Where does this idea of being technically competent and innovative come from, and what policy ideas should it make me think of? More university spending? Thank you for the addictive blog! Nathan Lazarus

Saez's research is great (https://eml.berkeley.edu/~saez/piketty-saez-stantchevaAEJ14.pdf), but I also think the prevalence of stock options in Anglo-Saxon countries combined with number rigidity in option grants plays a role (http://faculty.tuck.dartmouth.edu/images/uploads/faculty/richard-townsend/GrowthThroughRigidity.pdf).