[...] technological revolutions usually generate enormous benefits alongside the disruption they cause. Higher productivity levels means that firms can afford to pay higher incomes. [..]
[...] As children, the incentives and the sense of purpose to our work were inextricably linked to the context within which we were working; the chores were not simply an economic transaction but a way for my parents to order our day, to impress upon us particular values, and to satisfy themselves …
[...] Syriza [...] won control of parliament in early 2015 and attempted to win a reprieve from the austerity policies imposed on Greece by its European creditors (who were, in their defence, helping to finance Greece's unaffordable debts).
The various partisans are like the allegorical blind men describing different parts of an elephant: each has his insights, but the competing stories have yet to be reconciled with each other. This book will provide that explanation. What is missing from the conversation is a clear explanation of ho…
[...] If redistribution is managed too clumsily, the incentive for clever or ambitious individuals to work to improve the economy might be lost, leading to stagnant growth and too little social surplus with which to provide all members of society with a rising standard of living.
