Business Spectator
Schooling the anti-capitalists on inequality
Ludwig Erhard’s insistence on the social market economy made West Germany rich after the War.
Ludwig Erhard’s insistence on the social market economy made West Germany rich after the War.
Economic forecasts were, of course, only invented to make weather forecasters look better.
The global convergence of productivity and incomes means there are no realistic chances that lower skilled workers in developed nations will be able to move up the wealth ladder.
© Dr Oliver Hartwich