billionaires Archives - Econlife

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economic news roundup and inconspicuous consumption

Thorstein Veblen

Where Inconspicuous Consumption Is Rather Obvious

Although the number of gigayachts is multiplying, they represent the inconspicuous consumption that makes more wealth less obvious.

fascinating follow-ups

Taxes and Spending

A Banana, a Billionaire, and a Tesla Tax Follow-Up

Our banana, $450 million painting, and Tesla tax stories were just so interesting that they deserved fascinating follow-ups.

Entrepreneurship is more accurately measured with statistics on self-made business people.

Do Real Entrepreneurs Have to be Rich?

Because startups tend to be small, do not focus on innovation nor growth, they are a less accurate measure of entrepreneurship than self-made billionaires.