Welcome. I started this blog for my economics students, but any other fans of economics (and science or history) are welcome. My goal for this blog is to provide background on current events. Hopefully, the links to interesting newspaper articles, videos, data, books, web sites, and research will convince you this stuff really is fascinating and relevant.
An article in today's WSJ emphasizes that although private equity firms are recent creations, the work of private equity firms is "as old as capitalism itself". The first private equity firms may have been created as recently as 1946, depending on your definition.