Friday, October 21, 2005

Economic Growth is Good for Morals

I recently got hold of a book by Benjamin Friedman, yes the lefty and Keynesian economist Benjamin Friedman up at Harvard.


One rarely sees 2000 Nobel Prize (economics) winner Jim Heckman writes advance praises for other economists. So when he wrote one for Ben Friedman's new book, I took notice.

This is what he wrote for Friedman's new book:

"Friedman demonstrates how economic growth promotes the social, political and economic well-being of a citiznery, and he refutes popular myth that economic growth is inconsistent with the development of human liberty and dignity. Fascinating and well documented."

The book's title is "The Moral Consequences of Economic Growth." Joe Stiglitz has a book review in the latest issue of Foreign Affairs, read it here.

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