Magazine article from our research archive:

Economic diversity and achievement good for society

Much Class Warfare Based on Dubious Egalitarianism

In recent years, a number of left-wing economists have argued that inequality per se is harmful to many people's health. That is, the mere fact that some people are gaining income and wealth is harmful to others even if the latter's income has not fallen or has risen more slowly.

This argument is being used to justify income and wealth redistribution policies even when it results in slower economic growth or less national wealth.

Most economists have long believed that one's absolute level of income or wealth is the key to well-being, not his relative position. For example, suppose there are only two people in society and both start with ...

Related newspaper, magazine, and journal articles:

See all results. Or, try our Advanced Search.

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 60 million articles! Access over 3,500 publications with a FREE trial!