Selfishness, Greed and Capitalism

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Contents3 Economists think GDP is all that matters 37A blind obsession? 40No design for life 45Conclusion 474 Economists think we live in a free market 49A free market is not anarchy 49Capitalists don’t like free markets 53Planning, private and public 58Conclusion 60PART 2The Myths 635 The rich get richer and the poor get poorer 65Higher wages for all 66The progress of the poor relative to the rich 71Conclusion 766 We are working ever longer hours 78Conclusion 847 Rich countries will not benefit from moreeconomic growth 87Growth scepticism 90In defence of growth 92Conclusion 968 There is a paradox of prosperity 99Other people’s consumerism 104Ferraris, Porsches and other preferences 110Conclusion 118viii
Page 1: Christopher SnowdonSelfishness, Gre
Page 7: ‘I think there is a truth, and I
Page 12 and 13: THE AUTHORChristopher Snowdon is th
Page 14 and 15: ForewordIn some of these popular ec
Page 16 and 17: ForewordThe views expressed in this
Page 18 and 19: Prefacedebate, this is acknowledged
Page 20 and 21: Summaryweek in 2000 to 36.4 per wee
Page 22 and 23: Summaryquarter of the income distri
Page 24 and 25: Figures and tablesFigure 15 Inequal
Page 27 and 28: 1 CAPITALISM RELIES ON GREEDAND SEL
Page 29 and 30: Capitalism relies on greed and self
Page 47 and 48: Economists believe people are perfe
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3 ECONOMISTS THINK GDP ISALL THAT M
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Economists think GDP is all that ma
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4 ECONOMISTS THINK WE LIVEIN A FREE
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Economists think we live in a free
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5 THE RICH GET RICHER ANDTHE POOR G
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The rich get richer and the poor ge
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We are working ever longer hourspeo
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We are working ever longer hoursFig
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We are working ever longer hoursinc
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We are working ever longer hoursnee
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7 RICH COUNTRIES WILL NOT BENEFITFR
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Rich countries will not benefit fro
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8 THERE IS A PARADOX OF PROSPERITYT
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THERE IS A PARADOX OF PROSPERITYasp
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THERE IS A PARADOX OF PROSPERITYhea
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THERE IS A PARADOX OF PROSPERITYand
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THERE IS A PARADOX OF PROSPERITYped
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THERE IS A PARADOX OF PROSPERITYsno
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THERE IS A PARADOX OF PROSPERITYtow
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THERE IS A PARADOX OF PROSPERITYA t
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THERE IS A PARADOX OF PROSPERITYand
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THERE IS A PARADOX OF PROSPERITYpri
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THERE IS A PARADOX OF PROSPERITYmad
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9 INEQUALITY IS RISING IN BRITAINBr
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Inequality is rising in BritainFigu
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Inequality is rising in BritainTaxe
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Inequality is rising in Britain‘R
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Inequality is rising in BritainFigu
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Inequality is rising in Britainuntr
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Inequality is rising in BritainWe c
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10 INEQUALITY IS THE CAUSE OFHEALTH
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INEQUALITY IS THE CAUSE OF HEALTH A
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If you’re born poor, you die poor
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REFERENCESAdams, N., Carr, J., Coll
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ReferencesBoaz, D. (2011) Competiti
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ReferencesDeaton, A. (2008) Income,
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Referencesconfusion of politicians
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ReferencesJapan Times (2006) Kobe S
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ReferencesLi, Y. and Devine, F. (20
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ReferencesNozick, R. (1974) Anarchy
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ReferencesPessoa, J. and Van Reenen
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ReferencesSen, A. (1977) Rational f
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ReferencesVilladsen, S., Mortensen,
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The Institute of Economic Affairs2
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The Future of the Commons - Beyond
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Hobart Paper 177Selfishness, Greeda
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Selfishness, Greed and Capitalism

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