Friday Philosophy
Author:
David Gordon
Online Publish Date:
Left-leaning economists often look back with nostalgia to the 1950s. Paul Krugman and Thomas Piketty, for example, long for the 1950s, when the income and wealth gap between the rich and the poor was less than it is now. True, people were less well-off then than now, but why does this matter? It is better to be equal in misery than unequal in