Wednesday, March 4, 2015

Another way of thinking about............

..........................................................economic inequality:

And so a germane question is suggested: even if Fred Smith’s innovation unambiguously increased monetary-income (or monetary-wealth) inequality, did this innovation increase economic inequality (properly reckoned)?  My answer is ‘no’; this innovation decreased economic inequality by making consumption possibilities more equal.

Consumption possibilities have never been better.  Full post here.

via maggie's farm

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