via Surse Pierpoint Reading the book is a good opportunity to understand the latest of the leftish worries about “capitalism,” and to test its economic and philosophical strength. Piketty’s worry about the rich getting richer is indeed merely “the latest” of a long series back to Malthus and Ricardo and Marx. Since those founding geniuses of Classical economics, a trade-tested betterment (a locution to be preferred to “capitalism,” with its erroneous implication that capital accumulation, not innovation, is what made us better off) has enormously enriched large parts of a humanity now seven times larger in population than in 1800, and bids fair in the next fifty years or so to enrich everyone on the planet. - Deirdre McCloskey
Posted on: Sat, 22 Nov 2014 01:52:52 +0000
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