Monday, December 1, 2014

More “F word” problems…

“Forcing in an illiberal way the French style of equality of outcome, cutting down the tall poppies, envying the silly baubles of the rich, imagining that sharing income is as efficacious for the good of the poor as are equal shares in a pizza, treating poor people as sad children to be nudged or compelled by the experts of the clerisy, we have found, has often had a high cost in damaging liberty and slowing betterment.  Not always, but often.”  

McCloskey, D. p.31

Measured, Unmeasured, Mismeasured,  and Unjustified Pessimism: A Review Essay of Thomas Piketty’s  Capital in the Twentieth Century , Erasmus J of Econ and Phil. (forthcoming).

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