I think that his critique of academic economics is spot on. Economists do not have a good way for thinking about where Mark Zuckerberg's money came from. In mac

I think that his critique of academic economics is spot on. Economists do not have a good way for thinking about where Mark Zuckerberg's money came from. In macro they would call it return on capital because he bought some stock from Facebook on day 0 and held it until it was worth billions. Great return. But that doesn't seem to be a useful way to model it. Economics needs a better way to think about what entrepreneurs do as neither capital nor labor.