Word: villarejo
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Perhaps the editors decided that they could compensate for the informal tone of all the previous articles by Don Villarejo's heavily documented (17 tables) commentary on "Stock Ownership and the Control of Corporations." Part II of Villarejo's thesis (one more segment to go) is a well-assembled demolition of People's Capitalism. Making a point that the left-wing economist Victor Perlo made before him in an attack on Kuznets, Villarejo avoids the biases of Perlo's data and the pitfalls of his oratory. The only author in the present issue who is writing from a posture...
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