The page numbers in this index refer to the printed version of this book. To find the corresponding locations in the text of this digital version, please use the “search” function on your e-reader. Note that not all terms may be searchable.
Abramovich, Roman, 107
Abrams, Dan, 164
academics, 264, 267–69
Acemoglu, Daron, 21–22, 279–80
Ackermann, Josef, 254
Ackman, Bill, 51
active inertia, 145, 167–69
actors, 108
Ad Age, 50
Adderall, 52
Africa, 66, 76, 146
agency problem, 138
AIDS, 76, 246
AIG, 27, 101, 143
Akhmetov, Rinat, 103
Alger, Horatio, 45
algorithmic trading, 146
Allen, Herb, 68
Allen, Paul, 43
Allstate, 64
Alpha, 143
alpha geeks, 46–51, 92, 94
Amazon, 69, 234
Ambani, Mukesh, 199
Ambani family, 235
American Bar Association Journal, 107
American colonies, 11–12
Anderson, Chris, 68, 100
Anderson, Keith, 153–55
Andersson, Mats, 138
Animal Farm
(Orwell), 90
Apollo, 142
Apple, 25, 54, 55, 104, 143
iPhone, 28
iPod, 24–26
Applied Materials, 64
Arcelor, 191
ArcelorMittal, 59
architects, 103–4
Ariely, Dan, xii, 273–74
ARK (Absolute Return for Kids), 74
Arkady, 110
Arthur, W. Brian, 30–31, 146
art markets, 95, 96, 106, 205
Aslund, Anders, 79–80
Aspen Institute Ideas Festival, 68, 112
Astor, Caroline, 6
Astor, John Jacob, 6
AT&T, 185, 186
Atlantic, 118, 175
Atlas Shrugged
(Rand), 249
athletes, 108–9, 129, 130, 138
Attias, Richard, 167
Austen, Jane, 274–75
authoritarian regimes, 144–46
automobile industry, 280
Firestone in, 168
Treaty of Detroit in, 17, 18
Autor, David, 23–24, 27, 91, 148
Axelrod, David, 72
Back to Work (Clinton), x
Baker, James, 148
Balls, Edward, 214
Balsillie, Jim, 71
Bangalore, 46
banking industry, 119–22, 190, 218–19, 280
bailouts of, 218, 242, 258, 261, 280
Basel meeting and, 220
capital requirements in, 212–13, 216, 217, 253, 261
incomes in, 218–21, 259
regulation of, 212–18, 220–23, 253, 255, 259–61
Bank of America, 102, 214
Bank of Canada, 216, 252, 261
Baranowski, John, 30
Barbados, 149
Barclays, 122
Bartels, Larry, 270–71
Barton, Dominic, 60
Basel III rules, 253, 255, 261
Batali, Mario, 111–12
Batista, Eike, 54
Bauerlein, Mark, 267
Beane, Billy, 129
Bear Stearns, 258
Bedi, Kiran, 200–201
Bell, Brian, 81, 136
Beloussov, Serguei, 179–81
Benchmark Lunches, 141–44
Bendukidze, Kakha, 152, 163
Berezovsky, Boris, 150–51
Berle, Adolf, 132–34, 138
Berlin, Isaiah, 40
Bernanke, Ben, 258, 259
Bertrand, Marianne, 138–40
Bharat Light and Power, 158–59
Bharti Enterprises, 66
Bieber, Justin, 109
Bierstadt, Albert, 171
big data, 146, 165–66
Bilderberg Group, 68
Billington, Elizabeth, 94–100, 108, 109, 114
Bishop, Matthew, 71–72
Bismarck, Otto von, 141
Black, Leon, 110, 142
BlackRock, 5, 166
Blackstone, 1, 45, 60, 70, 111, 147
Blankfein, Lloyd, 121, 147, 249, 253, 254, 280
Blavatnik, Len, 62, 171
Bloomberg, Michael, 36, 69, 77, 211–14, 227, 244
Bloomberg L.P., 235
BNP Paribas, 141, 211
Boao Forum, 68
Bobergh, Otto Gustav, 113, 114
Bo Guagua, 209
Bohr, Niels, 124
Boies, David, 101–2, 105, 106
Bolsheviks, 14, 93, 145, 284
Bombay Chamber of Commerce and Industry, 188–89, 198, 201, 228
Bon Jovi, 109, 110
books, bestselling, 126
Booz Allen Hamilton, 112
Bo Xilai, 203, 209–10
Bo Yibo, 209
Brandeis, Louis, 277
Brazil, 3, 19, 35, 54, 149, 156–57, 194, 198
Brezhnev, Leonid, 89
BRICs, 3, 18–20, 21, 30
see also Brazil; China; India; Russia
Bridgestone, 168
Broad, Eli, 71, 72
Brown, Gordon, 214
Brown, Joshua, 84
Brown University, 284
Buffett, Warren, 3, 75, 79, 129–30, 143, 175, 282
Buiter, Willem, 256–57, 270, 271
Bundy, McGeorge, 263
Bunshaft, Gordon, 103–4
Burda, Hubert, 68
Bush, George H. W., 148
Bush, George W., 214, 260–61
Business Insider, 238
Busson, Arpad, 74
Butterfield, Stewart, 172
BYD, 32–33
Byers, Brook, 183
Cable, Vince, 139
Calderón, Felipe, 255
Cameron, David, 57
Canada, 216–17, 253
Candy and Candy, 102–3
capital:
labor vs., 117
talent vs., 116–17, 122, 129–30
capital gains, 17, 44, 78, 79
Cardin, Pierre, 116
Carlyle Group, 121, 148
Carnegie, Andrew, ix, 9–11, 13, 26, 55, 71, 195, 235, 237
Carney, Mark, 252–56, 258–61
Carr, David, 140
Carter, Amy, 265–66
Casabolseros, Los, 51
Caterpillar, 26
CEOs, 134–40, 190, 219, 261
Cerisola, Pedro, 197
Chanos, James, 142, 172
Chaplin, Charlie, 98–100, 108, 114
charity, 70–76, 246, 264
Chasing Stars (Groysberg), 129
chefs, 111–13, 138
Chicago Tribune, 247
Chile, 149
China, xiii, 3, 14–17, 19–22, 27, 28, 30, 35, 62–63, 66, 68, 92, 146, 149, 156, 162, 186, 193, 198, 203–10, 217, 255–56, 260, 266, 267, 285
Chinese People’s Political Consultative Conference in, 203
Communist Party in, 46
income vs. happiness in, 31–32
iPhone and, 28
iPod and, 24–26
Ming Dynasty in, 96
National People’s Congress in, 203–4, 207, 209
princelings in, 208, 209
rent-seeking in, 204–10
strikes and, 33
“China Syndrome, The” (Autor, Dorn, and Hanson), 23–24, 27
Chopra, Tejpreet Singh, 157–59
Christensen, Clayton, 145, 147, 158
Chubais, Anatoly, 188
Cisco, 174
Citadel, 51
Citigroup, 63, 106, 121, 169–70, 257
consumer hourglass theory of, 6
plutonomy memo of, 5, 147, 167
revolutions and, 147
Clearwell, 106
Clinton, Bill, x, 3, 68, 71, 72, 270
Clinton, Chelsea, 72, 266
Clinton, Hillary, 265
Clinton Global Initiative, 68
clothing industry, 113–16
cognitive state capture, 256–57, 272–73
Cohen, Rachel, 76
collective good, 55–56
Commercial Advertiser, 7
Commonwealth Club, 176–78
communications technology, 99–100
communism, 14, 17–18, 21, 77, 136, 266, 284
Communist Party, 46, 89
computers, 146, 166–67
Congressional Budget Office (CBO), 43–44
Cook, Charlie, 111
Cook Political Report, 111
cooks, 111–13, 138
Cooper, Peter, 39
Cooper, Thomas, 11
Cooperman, Leon, 45, 245–46
Corak, Miles, 283
corruption, 224
in India, 201–2
legal, 224–27
Council on Foreign Relations, 185, 227
Crassus, Marcus, 195
creative capitalism, 75
Credit Suisse, 34–35, 122
Global Wealth Report of, 58–59
Credit Suisse First Boston (CSFB), 159–61
crony capitalism, 82–84, 190
Dalits, 45
Daschle, Tom, 270
data, big, 146, 165–66
Davies, Howard, 214–15
Davos, 61, 62, 68, 72, 75, 227
Deaton, Angus, 31, 82
Dedrick, Jason, 24–26
Delivering Happiness (Hsieh), 230
Deloitte, 173
democracy, 77
Deneuve, Catherine, 116
Deng Xiaoping, 156
dentists, 101, 107
Depression, Great, xiii, 9, 13, 29, 115
Depression, Long, 7, 9, 41
deregulation, 220–23, 225, 227
derivatives business, 212, 221
Detroit, Mich., 184, 280
Treaty of, 17, 18
DiCaprio, Leonardo, 108
DiFuria, Joan, 176
Digital Sky Technologies (DST), 66, 164
Dimon, Jamie, 244–45, 253–55, 257–60
Djilas, Milovan, 89–90, 266
DLA Piper, 105, 106
DLD (Digital-Life-Design), 68
Doll, Bob, 5
dopamine, 147
Doriot, Georges, 120–22
Dorn, David, 23–24, 27
Dow Jones Industrial Average, 6
Dreyfuss, Richard, 127
Druckenmiller, Stan, 143
Drucker, Peter, 88, 117–18
Drummond, Don, 216–17
Dubai, 63
Duggan, James, 249
Easterlin, Richard, 31
eBay, 171, 183
École Polytechnique, 273
economic crisis of 2008,
see financial crisis of 2008
Economist, 209
Edison, Thomas, 38
education, 45, 47, 61, 91, 92
college, 47–50, 52, 61–62, 283
elite, 48–49, 52, 61–62, 83, 283
philanthro-capitalists and, 75, 76
race between technology and, 47–48
Einstein, Albert, 124–25, 126
electrocardiographs, 157–58
El-Erian, Mohamed, 65, 251–52
Emanuel, Rahm, 242, 258
employment:
insecurity in, 53
unemployment, 186–87, 238, 240, 265
wages in, see wages
Engels, Friedrich, 39
England, 63, 81, 139, 214–15, 227
industrial revolution in, 95
Jefferson on, 11–12
recession in, 57
summer social season in, 57, 67
entertainment, 100, 123, 130
movies, 98, 100, 109, 127–30
music, 109–10, 126–27, 170–71
entitlement, sense of, 239
entrepreneurs, 167
Ethan Allen, 185, 186
Eugénie, Empress, 114
evidence-based vs. ideological worldviews, 93–94
Evon, Michael, 232, 233, 234
extractive societies, 279–81, 283
Facebook, 47, 104, 146, 147, 163–66, 171, 175
Fake, Caterina, 172
fame, 123, 128
Fannie Mae, 271
fashion designers, 113–16
Faust, Drew, 49–50, 267
Fear Index, The (Harris), 229
Ferguson, Niall, 268
finance industry, 119–22, 129–30
financial crisis of 2008, 15, 28, 37, 63, 139, 141, 142, 144, 146, 152–54, 169–70, 178, 189, 214, 217, 220, 223, 254, 261, 269
blame for, 242
Bloomberg/Schumer/McKinsey report and, 212–14
regulation and, 212–14, 218, 253
financial deregulation, 220–23, 225, 227
Financial Services Forum, 253
Financial Stability Board (FSB), 253
Financial Times, 267
Fink, Larry, 166–67
Finland, 3
Firestone, 168–69
Firestone, Harvey, 168
Fitzgerald, F. Scott, 4, 43
Flaherty, Jim, 217
Flickr, 172
Flip, 174
Fogg, B. J., 165
Forbes, 34, 45, 85, 108, 119, 148, 193, 195, 198, 208, 266–67
Ford, Edsel, 263
Ford, Henry, 168, 262, 285
Ford, Henry, II, 262–64
Ford Foundation, 262–63
Ford Motor Company, 262, 263
Forstmann, Teddy, 58
foundations, 72, 264, 265
Fox, Vicente, 197
France, 3, 273
Frank, Barney, 260
Frank, Robert, 82
Freddie Mac, 271
Fridman, Mikhail, 107, 150, 151
Friedlander, David, 70
Friedman, Milton, 250, 277
Friess, Foster, 246–47
Fuentes, Pablo, 172
Fuld, Dick, 144, 215, 216
Gabaix, Xavier, 137
Gadhafi, Saif, 215, 227
Galbraith, John Kenneth, 133–35
Game Neverending, 172
Gandhi, Indira, 200
Gartman, Dennis, 248–49
Gates, Bill, 3, 43, 70, 74–76, 190, 195, 235–36, 246, 247, 280, 282
Gates Foundation, 74–76
Gawker, 70
geeks, 46–51, 92, 94
Gehry, Frank, 103–4
Geithner, Tim, 258
General Electric (GE), 26, 63–64, 65, 155, 157–58
General Motors (GM), 187, 255
George, Henry, xv, 38–42, 47
Germany, 3, 35, 77–78
Ghonim, Wael, 80
Gilded Age, 3, 6–14, 19–21, 28–29, 31, 32, 40, 44, 47, 78, 114, 117
robber barons in, see robber barons
Gilded Age, The (Twain and Warner), 6–7, 13
Ginsburgh, Victor, 126
Gladwell, Malcolm, 110–11
Glass-Steagall Act, 13, 264
global citizens, 59–61, 65, 67
globalization, xiv, 4, 15, 18, 19, 21, 25, 27, 31, 59–60, 64, 91, 102, 104, 157–58, 184, 221, 240, 285
events and destinations and, 58
O’Neill on, 29–30
rent-seeking and, 226–28
superstars and, 91–92, 108
Goldbart, Stephen, 176
Goldin, Claudia, 47, 82, 85, 218, 221
Goldman Sachs, 2, 18–19, 30, 52, 121–22, 147, 158, 170, 213, 252, 253, 266, 271, 272, 284, 286–87
Gompers, Samuel, 42
Google, 47, 55–56, 69, 100, 104, 158, 171, 175, 176, 236, 238
Zeitgeist conference of, 68–69
Goos, Maarten, 24
Gopalakrishnan, Kris, 201–2, 241
Gorbachev, Mikhail, 51–52, 180
Graham, Carol, 31, 51, 82
Great Compression, xii, 104
Great Depression, xiii, 9, 13, 29, 115
Great Gatsby Curve, 283
Green, Michael, 71
Greenberg, Hank, 101, 102
Greenspan, Alan, 5–6, 112, 229, 256, 257
Grehan, Ray, 103
Griffin, Ken, 42–43, 51, 247–48, 261, 282
Griffith, Keith, 50–51
Groupon, 51, 164, 171, 176
Grove, Andy, 286
Growth Map, The: Economic Opportunity in the BRICs and Beyond (O’Neill), 19, 29–30
Groysberg, Boris, 129
Grubman, Jack, 48
Guerrero, Isabel, 197
Gu Kailai, 209, 210
Gupta, Rajat, 121–22
Gusinsky, Vladimir, 151
Hacker, Jacob, 18
Hall, Andrew, 121
Hamad bin Jassim bin Jabr al-Thani, Sheikh, 103
Hanson, Gordon, 23–24, 27
happiness, 31–32, 51, 82
Harris, Robert, 229
Harvard Business Review, 117, 131, 133, 267
Harvard Crimson, 268
Harvard University, 49–50, 82, 85–86, 92, 131, 147, 148, 218–19, 221, 226, 233, 234, 267–68
Haydn, Joseph, 94–95
Hayek, Friedrich, 88
Hazare, Anna, 80, 200
health care, 76
hedge funds, 2, 51, 74, 120, 121, 128, 138, 266
Heritage Foundation, 190
Hernández, Roberto, 196
Herzen, Alexander, xiv
Hewitt, Abram, 39
Hewlett, Bill, 56
Hewlett-Packard (HP), 187
Hindery, Leo, 270
Hindoo, 39–40
Hirschorn, Michael, 165
Hoffman, Reid, 141, 181–85, 187
Holbrooke, Richard, 69
Holocaust, 152–53
Hölzle, Urs, 171
Hong Kong, 35, 63
Hoogewerf, Rupert, 62, 205
Howie, Fraser, 207–8
Hsieh, Tony, 69, 173, 230, 231, 233–34
Huang Guangyu, 208
Hubbard, Glenn, 213
Huffington Post, 70
humanities, 267
Huntsman, Jon, 209, 243
Hurun Report, 204–5, 208
Hutchins, Glenn, 59
Iacocca, Lee, 262
IBM, 155, 180, 187
idea conferences, 67–70, 72
ideological vs. evidence-based worldviews, 93–94
Igan, Deniz, 222, 223
Immelt, Jeff, 63–64, 245
immigration, 61, 147
inclusive societies, 279–81, 283–85
income:
of average family in U.S., 34
of bankers, 218–21, 259
capital gains, 17, 44, 78, 79
comparing across history, 194–95
in economic recovery of 2009–2010, xiii
happiness and, 31–32
national, 1 percent’s share of, 3, 14
of superstars vs. everyone else, 100–101
of top 0.01 percent, 44
see also wages
India, xiii, 3, 10, 15–16, 19, 21–22, 28, 30, 32–33, 35, 62–63, 66, 80, 92, 146, 149, 155–59, 186, 188–89, 193–94, 197–203, 266, 267
billionaire-to-GDP ratio in, 189, 199
corruption in, 201–2
GDP in, 199
License Raj in, 198–99
rent-seeking in, 198–200, 228
Indian Institute of Technology, 188
industrial revolution, 8–16, 19–22, 29, 40–42, 50, 67, 146, 164, 178
Luddites and, 12–13, 96–97
mass production in, 99
superstars and, 95–99, 118
Infosys, 201
Ingersoll, Robert, 42
Innovator’s Dilemma, The (Christensen), 145
Inside Job, 270
insider trading, 269
Institute of International Finance, 254
intellectuals, 89–94, 110–11
Intellectuals on the Road to Class Power, The (Konrád and Szelényi), 89–90, 136
interior designers, 102
International Monetary Fund (IMF), 144, 188, 189, 217, 222, 252–53
Internet, 100, 108, 109, 126, 146, 165, 176, 182
iPhone, 28
iPod, 24–26
Ireland, 32
Israel, 3
Italy, 96
Japan, 35, 64
Jefferson, Thomas, 11–12, 42
Jennings, Stephen, 65–66, 159–62, 168–69, 173
Jensen, Michael, 133–34
JetBlue, 156
Jobs, Steve, 49, 55, 190, 246, 280
John, Elton, 109, 110
Johnson, Boris, 57, 69
Johnson, Pitch, 56, 178
Johnson, Simon, 189
Jones, Alfred Winslow, 120–22
JPMorgan, 253–55, 257–58, 260
Kadyrov, Ramzan, 110
Kagalovsky, Konstantin, 223
Kahneman, Daniel, 69
Kalyani, B. N., 241
Kaplan, Jonathan, 174, 176
Kaplan, Steven, 119–20
Kathwari, Farooq, 185–87
Katz, Lawrence, xii, 47, 82, 85, 218, 221
Katzenberg, Jeffrey, 127–30
Kaufmann, Dani, 223–25
Kennedy, Caroline, 72
Kenny, Robert, x
Kensington Palace, 74
Khade, Ashok, 45
Khodorkovsky, Mikhail, 77, 107, 162, 163, 196, 236–37
Kim, Vladimir, 103
KKR, 122
Klebahn, Perry, 171–72
Kleiner, Perkins, Caufield and Byers, 183
knowledge economy, 117–19
Koch, David and Charles, 77, 247
Kohn, Donald, 256, 257
Kollontai, Alexandra, 86
Komorowski, Bronislaw, 72
Konrád, György, 89–90, 136, 266
Kovalyev, Sergei, 188
Kraemer, Kenneth, 24–26
Kravis, Henry, 69
Kravis, Marie-Josée, 69
Kristol, Irving, 264–67
Krueger, Alan, 91, 110, 283
Kryvorizhstal, 191–93
Kudrin, Alexei, 72
Kumar, Anil, 121
Kummer, Corby, 112–13
Kuznets, Simon, xi
Kuznets curve, xi–xii
Lady Gaga, 104, 108–10
Lai Changxing, 156, 162
Lall, Rajiv, 201
Landier, Augustin, 137
lawyers, 101–2, 105–7, 111, 118–19
layoffs, 186–87
LCH Investments, 142
Lehman Brothers, 122, 142, 143, 169, 215, 216
Lemieux, Thomas, 48
Lenin, V. I., 86, 93
Levchin, Max, 183
Levy, Frank, 17
Levy, Gus, 286–87
Lewis, Michael, 69, 129
Li, Stella, 32–33
Libya, 215
Lightyear Capital, 142
Lin, Alfred, 233–34
Lin, Jeremy, 140
Lincoln, Abraham, 39
Lincoln, William, 98
Linden, Greg, 24–26
Lindert, Peter, 12, 16, 43
Lindsay, Michael, 43
LinkedIn, 141, 183–85
LinkExchange, 234
Li Peng, 208
Lithuania, 149
Li Xiaolin, 208
Li Xiaopeng, 208
LLC Smart Group, 191
Lloyd W. Dinkelspiel Award, 181
lobbying, 222–24, 247, 260–62, 273
Loeb, Dan, 242
London, City of, 211, 214, 217, 218, 219, 227
London School of Economics, 227
London Whale, 260
Long Depression, 7, 9, 41
long tail, 100, 126–27
López-Calva, Luis-Felipe, 197
Lora, Eduardo, 31
Los Angeles Times, 76
lucky job club, 175–76
Luddites, 12–13, 96–97
Ludicorp, 172
Lu Guanqiu, 204
Lumière, Louis and Auguste, 98
Luxos, 46
luxury goods and services, 102, 104, 106
Mac 400 electrocardiograph, 157–58
Macpherson, Elle, 74
Maddison, Angus, 8–9, 16
Madonna, 107
Magna Carta, 148
Mail.ru, 66, 163
Maira, Arun, 201
Major, John, 148
Malaysia, 149
managerial class, 131–36, 138
Mankiw, Greg, 268
Manning, Alan, 24
Manny, The (Peterson), 1–2
Mantle, Mickey, 108–9
Maples, Mike, 165
Marron, Donald, 142
Marshall, Alfred, 50, 95–97, 99, 101, 105, 108–12, 116, 118–19, 123, 131
Marshall, George C., 181
Marshall Scholarship, 181–82
Martin, Bradley, 6–7, 8, 14, 36, 37, 114
Martin, Cornelia, 6–7
Martin, Paul, 216–17, 250–51
Martin, Roger, 116–17, 123, 135
Marx, Elisabeth, 63
Marx, Karl, 42, 75, 89, 118, 284
Marxism, 14
material power index (MPI), 81
Matthew, Saint, 122–23
Matthew effect, 123, 126, 127–28
Mazumdar-Shaw, Kiran, 33
McCartney, Paul, 109
McFaul, Mike, 144
McKinsey, 52, 60, 121
Bloomberg/Schumer report by, 211–15, 227
Global Institute, 165–66
Means, Gardiner, 131–34, 138
Mediaite, 164
Mellin, Joe, 172
Merrill Lynch, 102, 119, 214–16
Merton, Robert, 50, 123–24, 127, 175
Mexico, 193–98
Slim and, 195–96
Meyer, Christopher, 222
Microsoft, 171, 176, 191, 234, 280, 282, 283
middle class, 240–41, 285
Midler, Bette, 127–28
Milanovic, Branko, ix–x, 16, 26, 194–96
Mill, John Stuart, 43
Miller, Steve, 27
Milner, Yuri, 52, 163–64, 171
Mindich, Eric, 271
minimum wage, 17, 91
Mir Osman Ali Khan, 191
Mishra, Prachi, 222, 223
Missner, Marshall, 124
Mittal, Aditya, 59, 161–62
Mittal, Lakshmi, 161, 192
Mittal Steel, 161, 191–92
Mokyr, Joel, 16–17
Monaco, 63
Moneyball (Lewis), 129
Monitor Group, 222, 227
Morgan, J. P., 6, 119
Morgan Stanley, 63, 122
Moritz, Michael, 234
mortgage market, 146, 166–67, 169–70, 217
Mossler, Fred, 233
motion picture industry, 98, 100, 109, 127–30
Mount, Harry, 57, 67
Moyo, Dambisa, 266
Mubarak, Hosni, 144
Mullainathan, Sendhil, 138–40
Müller-Ötvös, Torsten, 46
Murphy, Kevin J., 131–34, 137
Murray, Charles, 286
music industry, 109–10, 126–27, 170–71
n-11 economies, 30
Nakamoto, Michiyo, 169
Naspers, 66
Neeleman, David, 156–57
Netherlands, 16
NetJets, 2, 66
New Class, 264–69
New Class, The
(Djilas), 89–90
New Deal, 13–14, 132–34, 177
Newsweek, 127
New Yorker, 33
New York Times, 6, 7, 39, 45, 70, 125, 126, 140, 165, 174, 227, 258, 268
New York World, 7
New Zealand, 3, 159–60
Next Convergence, The: The Future of Economic Growth in a Multispeed World
(Spence), 20
Nicaragua, 191
Niccolini, Julian, 36
Nigeria, 66
Nobel, Alfred, 71
Nobel Prize, 50, 69, 123, 124, 126, 175
Nolte, Nick, 127
Nucor, 158
Oakland A’s, 129
Obama, Barack, x, 18, 92–93, 242–43, 245, 247, 249, 250, 258, 269
as empiricist, 93
Observer, 74
Occupy movement, 28, 42, 80, 83, 92, 238, 244–45, 248–51
O’Connor, Caroline, 171–72
Odnoklassniki, 163
OECD, 3
O’Neill, Jim, 19, 21, 29–30, 33
one percent, xii, 135
0.1 percent vs., 79–83
99 percent vs., 80
during 1940s–1970s period, 14
in economic recovery of 2009–2010, xiii
political vs. economic focus on, xiv
share of national income, 3, 14
Open Society Foundations, 70, 77
Orange Revolution, 79–80, 192
Orlov, Yuri, 90
Orszag, Peter, 18
Orwell, George, 90
outsourcing, 92, 105, 106, 155, 179, 241
Oxford University, 62
Page, Larry, 55
PaineWebber, 142
Palin, Sarah, 83, 223
Pangea3, 106–7
paradigm shifts, 144, 145, 164
see also revolutions
paradox of happy peasants and miserable millionaires, 31–32, 51, 82
Paulson, Hank, 213, 271–72
Paulson, John, 148, 244
Pavarotti, Luciano, 97, 98
pay for performance, 136, 138, 139
PayPal, 171, 183
Perella, Joe, 170
Peru, 82
Peterson, Holly, 1–3, 52, 80–81
Peterson, Pete, 1, 36–37, 44–45, 70, 78, 80
Petrarca, Francesco, 278
philanthro-capitalism, 71, 74–76, 264, 267
philanthropy, 70–76, 246, 264
Philippines, 25
Philippon, Thomas, 48, 53, 220–21
Pierson, Paul, 18
Piff, Paul, 239
Piketty, Thomas, 34, 43
Pimco, 65, 251
Pinchuk, Victor, 72–73, 268, 270
Pipes, Richard, 145
Pisarev, Kirill, 103
pivoting, 171–73
Platinum Study, 43
Pleading Guilty
(Turow), 38
Plepler, Richard, 72
Pliny the Elder, 195
Plutarch, 195
political influence, 222–24, 247, 260–62
political revolutions, 144–46
politicians, 76–79, 269–70
Polo, Marco, 278
Poore, Peter, 76
PopTech, 67
Porter, Michael, 23
Posner, Victor, 120, 122
Potanin, Vladimir, 151
Premji, Azim, 155
Prince, Chuck, 169–70
private equity, 120–22, 128, 190, 243, 280
privatization, 193–94, 205, 207, 222, 225
in Russia, 162–64, 176, 179–81, 188, 192–93, 198, 207, 218, 223, 225
telecom, 196–98
privilege, 239
transferred to children, 282–83
Progress and Poverty (George), 38, 40–41
Progressive Era, 39, 78
Prokhorov, Mikhail, 162
Putin, Vladimir, 80, 107, 149–51, 255
Qiu Ying, 96
Quantum Fund, 142, 143, 154, 172
Queen Elisabeth Competition, 126
Quiggin, John, 48
Radia, Niira, 200
railroads, 178, 191
Raja, Andimuthu, 200
Rajan, Raghuram, 188–89, 198, 201, 228
Rajaratnam, Raj, 121–22
Rakoff, Jed, 256
Rand, Ayn, 249
Rauh, Joshua, 119–20
Ravid, Abraham, 130
Reagan, Ronald, 17, 89
Reagan Revolution, xii
real estate, 222–23
Red Capitalism (Walter and Howie), 207–8
Reformed Broker, The, 84
Reich, Robert, 3
Renaissance, 96
Renaissance Capital, 65, 159
rentier elite, 42, 43, 283
rent-seeking, 188–228, 283
in China, 204–10
globalization and, 226–28
in India, 198–200, 228
value creation vs., 280–81
Reshef, Ariell, 48, 220–21
revolutions, 141–87
industrial, see
industrial revolution
political, 144–46
in technology, xiv, 4, 14–15, 18, 19, 21, 22, 25, 28, 30–31, 67, 100, 104, 146, 157–58, 164, 166, 184, 221, 285
Reynolds, Joshua, 94
“rich,” use of word, x
Roach, Stephen, 210
robber barons, xv, 9, 19, 41, 42, 71, 118, 134, 191, 195, 237
Roosevelt on, 177–78
Robertson, Julian, 142
Robinson, James, 279–80
Rockefeller, John D., 195
Rodriguez, Alex, 108–9
Rolls-Royce, 46
Romney, Mitt, 77, 92–94, 236, 237, 286
as empiricist, 93–94
Roosevelt, Franklin Delano, 132
Commonwealth Club speech of, 176–78
New Deal of, 13–14, 132–34, 177
Roosevelt, Theodore, 39
Rose, Charlie, 72
Rosen, Sherwin, 97, 99–100, 107–12, 116, 123
Rosoff, Matt, 238
Royal Bank of Canada, 217
Royal Bank of Scotland, 217
Rubenstein, David, 121, 148–49
Rubin, Bob, 213
Russia, 3, 14, 19, 35, 56, 62, 66, 82, 96, 148, 149, 159–61, 163, 164, 178–81, 186, 206, 260
billionaire-to-GDP ratio in, 189
Bolsheviks in, 14, 93, 145, 284
privatization in, 162–64, 176, 179–81, 188, 192–93, 198, 207, 218, 223, 225
Revolution in, 152–53
science and technology in, 178–79
Russian oligarchs, 42, 46, 51–52, 61–62, 72, 92, 107, 147, 149–52, 186, 193, 196, 223, 255, 285
Ryan, Paul, 83, 190
Sabharwal, Manish, 32
Saez, Emmanuel, xiii, 34, 35–36, 43, 117, 281
Saïd, Wafic, 62
Sainath, Palagummi, 32
Saint Laurent, Yves, 114–16
Salganik, Matthew, 126
Salinas, Carlos, 196, 198
Salomon Brothers, 130
Sandberg, Sheryl, 174–75
Santorum, Rick, 246
Sawiris, Naguib, 4, 35, 77
Say’s law, 30–31
Schiff, Peter, 245
Schmidt, Eric, 56, 58, 69, 104–5, 236, 238, 280–81
Schmidt, Jacqueline, 70
Schrage, Elliot, 47
Schultz, Howard, 69
Schumer, Chuck, 211–13, 227
Schumpeter, Joseph, 32, 118
Schwarzman, Steve, 1, 36–37, 45, 46, 60, 147, 237, 243
science, 123–25
screenplays, 128
Seasteading Institute, 250
Securities and Exchange Commission (SEC), 226, 256
self-interest, 178, 215, 216, 239–40, 243–44, 249, 273–75, 286
Sennett, Mack, 98
Sense and Sensibility
(Austen), 274–75
sewing machine, 113–15
Shaw, George Bernard, 39
Shelley, Percy Bysshe, 89
Shubrick, 40
Silicon Valley, 46–47, 56, 93, 163–64, 166, 171, 174, 175, 181–83, 230–31, 235, 236, 238, 283, 285
Silver Lake, 59
Simmons, Ruth, 284
Singapore, 63
Singer, Paul, 77
Singh, Manmohan, 155, 198–99
Sinha, Jayant, 189
skill-biased technical change, 91
skimming, 138
Slim, Carlos, 42, 46, 51, 195–98, 199, 218, 227, 236, 255
Smith, Adam, 67, 131, 138, 194, 229
Smith, Art, 112
Smith, Michael, 102
social mobility, 5, 82, 278–79
income inequality and, 283–84
Socialnet, 183
Somoza family, 191
Sorensen, Alan, 126
Soros, George, 53–54, 70, 73, 77, 141–45, 147, 148, 152–55, 172–73, 242
Soros, Jonathan, 153, 173
Soros, Tivadar, 152–53
South Korea, 32, 193
Soviet republics, former, 20, 77, 149, 155, 192, 193, 267
Soviet Union, 14, 17, 89–90, 144, 155, 178–80, 266
Spectator, 56–57, 59, 67
Spence, Michael, 20, 187
Spitzer, Eliot, 213
Splinter, Michael, 64
sports stars, 108–9, 129, 130, 138
Stalin, Joseph, 20, 90
Stanford Business School, 61, 147
Starr International, 101
Start-Up of You, The (Hoffman), 184–85, 187
Stengel, Rick, 72
Stephenson, Randall, 164, 185–86
Stevenson, Betsey, 32
Stewart, Rod, 36
Stiglitz, Joe, 27
Stock Market Boys, 51
Stoll, Craig, 112–13
Strauss-Kahn, Dominique, 72, 238–39
Stringer, Howard, 36
student activism, 268
Sull, Donald, 145, 147, 167–68, 171
Summers, Larry, xiii, 49, 87, 165, 174
Sunstein, Cass, 93
Sun Valley, 68
Sun Yat-sen, 39
superstars, 88–140
fees charged by, 101–3
globalization and, 91–92, 108
income of, vs. everyone else, 100–101
industrial revolution and, 95–99, 118
and talent vs. capital, 116–17, 122, 129–30
technology and, 91–92, 98–100, 108, 109
“Sustaining New York’s and the US’ Global Financial Services Leadership,” 211–15
Swank, Hilary, 110
Sweden, xii, 3, 12
Switzerland, 35, 63
Szelényi, Ivan, 89–90, 136, 266
Tahrir Square, 80
Taiwan, 35
Tawney, R. H., 88
taxes, 5, 14, 17, 78–79, 190, 243, 246–47, 249, 255, 264, 286
TeamLease, 32
Tea Party, 28, 42, 92
technology:
communication, 99–100
race between education and, 47–48
revolutions in, xiv, 4, 14–15, 18, 19, 21, 22, 25, 28, 30–31, 67, 100, 104, 146, 157–58, 164, 166, 184, 221, 285
skill-biased change in, 91
superstars and, 91–92, 98–100, 108, 109
TED conference, 68
telecommunications, 224, 225
privatization in, 196–98
Telmex, 196–98, 218, 225
Temin, Peter, 17
Tencent, 66
Thain, John, 36, 102, 214–16
Thatcher, Margaret, 17
Theory of Moral Sentiments, The (Smith), 229
Thiel, Peter, 183, 250
think tanks, 72, 77, 265, 267
Thornton, John, 213
Tiger Management, 142
Tinbergen, Jan, 47
Tito, Josip Broz, 89–90
Tocqueville, Alexis de, xi, 12
Tolstoy, Leo, 39
“Top Executives Are Worth Every Nickel They Get” (Murphy), 131–33
topple rate, 173
Touati, Bernard, 107
travel, 52–53, 58, 60–61
Treasury bills, 265
Treaty of Detroit, 17, 18
Tressel, Thierry, 222
Trichet, Jean-Claude, 141
Trollope, Anthony, 99
Turkey, 21, 35, 197
Turnaround Kid, The (Miller), 27
Turow, Scott, 38, 52, 61
Tutu, Desmond, 69
Twain, Mark, 8, 38
The Gilded Age, 6–7, 13
Twitter, 109, 146, 171
Tymoshenko, Yulia, 192
U2, 109, 110
UBS, 16
Ukraine, 72–73, 79–80, 191–93
unemployment, 186–87, 238, 240, 265
Ungaro, Emanuel, 116
unions, 17, 33, 91, 286
United Auto Workers (UAW), 17
universities, 264, 267
University of Chicago, 188
USA Today, 2
U.S. Steel, 195
van Ours, Jan, 126
Van Reenen, John, 23, 28, 29, 81, 136
Vardi, Yossi, 68
Varshney, Ashutosh, 28, 155–56
Vekselberg, Viktor, 150, 151, 176, 180, 181
Venice, 277–80, 282–84, 286
La Serrata in, 279, 280, 283, 286
venture capital, 120, 121
Victoria, Queen, 8
video technology, 165, 174
Volcker, Paul, 64–65, 219, 221
von Furstenberg, Diane, 107
von Metternich, Pauline, 114
wages, 240
college education and, 47–48
minimum, 17, 91
see also income
Wall Street, 53, 63, 83–84, 93, 105, 119–22, 129–30, 166–67, 211–16, 218, 219, 221, 222, 235, 257, 267
lobbying and, 222–24, 247, 260–62, 273
regulation of, 211–12
Wall Street, 2, 152
Wall Street Journal,
56, 144, 211, 213, 223
Walt Disney Company, 127–30, 143
Walter, Carl, 207–8
Walton, Michael, 197
Wang Huiyao, 60–61
Wang Jianlin, 204
Warburg, Siegmund, 119
Wareham, Jamie, 106
Warner, Charles Dudley, 13
Warner Music, 170–71
Washington Consensus, 17–18
Washington Post, 125
Washington State, 235
Watson, James, 124
Watts, Duncan, 126
Waugh, Rick, 254–55
Wealth of Nations, The
(Smith), 67, 131
Weill, Sandy, 48
Weinberg, Peter, 170
Weizmann, Chaim, 124, 125
Welch, Jack, 64, 130
Wen Jiabao, 205–6, 210
Whitehall Study, 54
Who Is to Blame?
(Herzen), xiv
Wien, Byron, 142
Williams, Robin, 127
Williamson, Jeffrey, 12
Wilson, Charlie, 255, 258, 272
Wilson, Thomas, 64
Winfrey, Oprah, 112
Winner-Take-All Politics
(Hacker and Pierson), 18
Winters, Jeffrey, 78, 79, 81
Wipro, 155
Wolf, Martin, 69
Wolfers, Justin, 32
women, 84–87, 218–19
Wood, Graeme, 175–76
WorkerExpress, 172
working rich, 42–46, 52–53, 117, 235, 283
World Bank, 32, 224, 252–53
World Economic Forum, 68, 73, 75, 103, 167
“World Is Changing, The: Some Thoughts on Our Business” (Katzenberg), 127, 130
World War II, 29
Worth, Charles, 113–14, 116
Wu Yajun, 207
Yahoo!, 172
Yale Daily News, 267
Yanukovych, Viktor, 192
Yardeni, Ed, 250
Ylvisaker, Paul, 264
YouTube, 69, 165
Zain, 66
Zappos, 69, 230–35
Zedillo, Ernesto, 250–51
Zhou Zhengyi, 208–9
Zhukov, Yuri, 103
Zhu Rongji, 162, 208
Zhu Yunlai, 208
Zingales, Luigi, 261–62, 272–73
Ziobrowski, Alan, 269
Zoellick, Robert, 69
Zolli, Andrew, 67
Zong Qinghou, 204
Zuckerberg, Mark, 52, 70–71, 121, 147, 175
Zynga, 164