Wednesday, November 26, 2014

McCloskey disses democracy

Click here to access article by Peter Radford from Real-World Economics Review. 

Although I haven't read, nor intend to read, the essay by Deirdre Nansen McCloskey criticized in Radford's article, I think her views are highly representative of many members of the ruling capitalist classes who have been embarrassed by Piketty's findings: essentially that capitalism systematically produces inequality rather than their shibboleth that capitalism eventually benefits everyone. I predict that she will go far in capitalist controlled academia with this essay. For every honest academic like Piketty, there are a hundred waiting in the wings to serve the ruling class and reward themselves with a splendid career.