Quotation of the Day…

by Don Boudreaux on April 28, 2016

in Growth, Inequality

… is from page 72 of Deirdre McCloskey’s pioneering 2010 volume, Bourgeois Dignity:

Economic historians agree that the poor have benefited the most from modern economic growth.

And, therefore, it is probable that those who would put economic growth at risk – because they fret without warrant about growth’s effects on the environment, or because they prefer more equal income or wealth ‘distribution’ over higher growth, or because they simply do not take the time to understand economics – are enemies of the poorest.  That they are unwitting enemies is irrelevant.


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