Around the web: Correcting the economic narrative, Greg Mankiw’s reading list, and more

The problem of the middle-class squeeze, in short, may not be with how the fruits of productivity are distributed, but the fact that there isn’t much productivity growth at all. It’s not that a rising tide doesn’t lift all boats; it’s that the tide is not rising fast enough. . . .

If productivity itself is the problem, not distribution, radically different politics is demanded than we’re seeing today. If productivity is the problem, we need more dynamism, not less, more openness, not less, more growth-oriented policies, not more dirigiste and redistributive ones.

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Around the web: Correcting the economic narrative, Greg Mankiw’s reading list, and more

 
Πηγή: American Enterprise Institute