Edward Glaeser on Riots
futureofcapitalism.com

Harvard economist Edward Glaeser, author of Triumph of the City, has a column up at Bloomberg News about riots:

After riots, there is often an attempt to explain the outburst as the result of large societal forces. The events in the U.K. have been blamed on growing inequality and the current government's austerity program. The disorder in the U.S. in the 1960s was attributed to racism.

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Two From Ed Glaeser
futureofcapitalism.com

Harvard economics professor Edward Glaeser has two pieces worth a look. A column at Bloomberg news discusses some of the differences between America and Europe:

I also believe that the case for economic freedom in the U.S. has been helped by the visible example of our most successful entrepreneurs, from Andrew Carnegie to Steve Jobs.

The dominance of the European aristocracy provided the old European left with convenient villains, people whose great wealth and power were guaranteed by birth and who seemed to do little to justify their luxuries.

By contrast, Carnegie and Jobs earned their billions with ingenuity and effort.

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Two From Ed Glaeser
futureofcapitalism.com

Harvard economics professor Edward Glaeser has two pieces worth a look. A column at Bloomberg news discusses some of the differences between America and Europe:

I also believe that the case for economic freedom in the U.S. has been helped by the visible example of our most successful entrepreneurs, from Andrew Carnegie to Steve Jobs.

The dominance of the European aristocracy provided the old European left with convenient villains, people whose great wealth and power were guaranteed by birth and who seemed to do little to justify their luxuries.

By contrast, Carnegie and Jobs earned their billions with ingenuity and effort.

Read More...

Edward Glaeser on Riots
futureofcapitalism.com

Harvard economist Edward Glaeser, author of Triumph of the City, has a column up at Bloomberg News about riots:

After riots, there is often an attempt to explain the outburst as the result of large societal forces. The events in the U.K. have been blamed on growing inequality and the current government's austerity program. The disorder in the U.S. in the 1960s was attributed to racism.

Read More...