Tuesday, March 28, 2006

2006, not 1968

And what did you do during the (Paris) revolution?

Most people went about their lives, little affected by sturm und drang a few blocks away. No reference to that in the papers.

Nevertheless, it's a good time to be reading Benjamin Friedman's The Moral Consequences of Economic Growth. "Economic stagnation begets movement away from openness, tolerance, mobility, fairness, democracy."

Some of many reasons to opt for growth -- and to banish the equity-efficiency trade-off idea that so many textbooks still peddle.