As James Surowiecki explains in his review of Joseph Stiglitz’s most recent books, “the fundamental truth about American economic growth today is that while the work is done by many, the real rewards largely go to the few.”Just who are the makers and who are the takers?
Short and worth a read. It's about rent-seeking and the surplus resulting from increased productivity.
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The fundamental truth about American economic growth
David F. Ruccio | Professor of Economics University of Notre Dame Notre Dame
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