Inequality is Shrinking: Branko Milanović Disagrees with Oxfam
Every year the Oxfam report makes sensational headlines. The tenor: global inequality is increasing. 26 billionaires would own as much as the 3.8 billion poorest people in the world. Leading inequality specialist Branko Milanović unmasks Oxfam’s alarmism as misleading.
Market Capitalism and Christian Social Ethics: A Contradiction?
Capitalism and free markets are widely considered to be incompatible with Christian social ethics. At a closer look, however, market capitalism turns out to be the economic order most consistent with the basic principles of Christian ethics.
Highlights from the Web
Erhard's insight that a market economy generates a fair real wage seems to have become increasingly overruled in both parts of the European Monetary Union, writes Gunther Schnabl in the Cato Journal.15. January 2020
Erhard's insight that a market economy generates a fair real wage seems to have become increasingly overruled in both parts of the European Monetary Union, writes Gunther Schnabl in the Cato Journal.17. December 2019
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