"The overwhelming majority of economists agree on a few things: secure, well-defined property rights are a vital ingredient of growth; people respond to incentives; the economy is not zero-sum; sustainable growth comes from innovations that enable us to make more from less; some trade-off between equality and growth is necessary because innovation often makes some people rich, and they must be rewarded for their risk-taking and talents."
Allison Schrager, A review of A Brief History of Equality, by Thomas Piketty
April 29, 2022
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