4 ms·

I disagree. I think the popularity is stemming from this quote "But his real beef is with the mainstream economic teachings that more capital and lower taxes on

by chrisgd 12y ago

I disagree. I think the popularity is stemming from this quote "But his real beef is with the mainstream economic teachings that more capital and lower taxes on capital bring faster growth and higher wages, and that economic dynamism will automatically keep inequality at bay." He is basically using mainstream economics techniques to prove that mainstream economic ideas, especially those centered around free-trade and low taxes to chase growth maximize inequality, they don't minimize them. Everyone who has had problems with the teaching of mainstream economics as a means to lessen inequality now have more evidence.

zo1 12y ago
"Everyone who has had problems with the teaching of mainstream economics as a means to lessen inequality now have more evidence." So when I read most of the articles regarding this book, all I can picture is a slew of angry mob-like people shouting: Those pesky economists must be wrong! This guy is saying stuff we all like to hear, therefore he is correct! Indeed, the public is fickle, and will naturally gravitate to what feels good and re-affirms what they feel is true. There has been a growing mistrust of intellectuals of late, and it's because people are dissatisfied. Intellectuals have been losing the media war with the government.