Tuesday, August 7, 2018

Can inequality cure poverty?

Former student Quinn Connolly's book review of Steven Pinker does not put it that way, but:

According to Pinker, this “confusion of inequality with poverty comes straight out of the lump-sum fallacy—the mindset in which wealth is a finite resource.” Helpfully, Pinker reminds us how the Enlightenment revolutionized our understanding of economics. First, by teaching us that wealth is created; and second, by showing that we can make more of it.

1 comment:

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