Economics Reimagined:: Nature, Progress and Living Standards

Forget GDP, and focus instead on living standards, people's ability to get what they want. When you do that you'll see why, contrary to universal belief, capitalism helps the living standards of the less well-off much more than those of the rich. You'll also see why no matter who or what the government taxes, or even if it taxes nobody, nearly the entire cost of government is paid for in the form of reduced living standards for the poor or anyone else on a tight budget.

Despite covering seri...