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All articles filed in Thomas Piketty

Gold augustale
Ars MagicaAugust 12, 2015February 16, 2016

Thomas Piketty and Getting Around Ursury Laws: a note for Transforming Mythic Europe.

Piketty notes in Capital in the 21st Century that one of the main ways to get around usury laws was to loan money to a noble, not against interest, but against the future production one of a nobleman’s holdings. The creditor then gets into the tax farming business, which we have discussed in Lords of…

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Gold augustale
Ars MagicaMay 11, 2015May 5, 2015

Thomas Pikkety meets the Order of Hermes: The Missing 4%

In Capital in the 21st Century, Thomas Piketty notes that the reason that all of the nations of the Earth can be in debt at the same time is that about 4% of the world’s production disappears from the calculations. This money is basically filtering into a shadow economy. Some of it eventually resurfaces as…

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