Despite the fact, that I showed an early draft of my review of Piketty’s book to my friend and AEI colleague Michael Strain (and he offered many helpful suggestions and critiques which I incorporated), I shall take no offense to his praise of Deirdre McCloskey’s essay for two reasons. 1) I am a huge fan of McCloskey’s and 2) Michael is right, it’s the best so far. Still, Michael should probably use care when he sees a burning brown bag in front of his office at AEI in the days to come.