A fascinating and well written book about the extraordinary life of Scottish economist John Law. Law was effectively a monetary theorist who was given the chance to put into practice his ideas in early 18th century France. From being sentenced to death because he killed someone in a London duel to his role in the Mississippi Bubble, Law fascinates throughout with his attitude towards numbers, risk, gambling and finance both in his personal and professional life.
Technology and globalisation is bringing about divergence in firm performance so that increasingly sectors are dominated by a few top firms. This shift in sales also helps explain the declining labour share.