Yale law prof @samuelmoyn says that lifting the global poor out of poverty doesn't mean anything if the global 1% keep getting richer -- apparently not realising that by being an Ivy League professor he is part of the global 1%https://newrepublic.com/article/147391/hype-best …
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Replying to @clairlemon @samuelmoyn
The colossal ingratitude of harping on inequality when almost everything has gotten better for almost everyone for two centuries. Ask anyone in China if they'd trade lives with their grandparents....
18 replies 12 retweets 178 likes -
Is envy adaptive? Most would rather make $75K and have their neighbors make $60K than to make $100K while neighbors make $150K. This is one of the heuristics in behavioral economics.
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I'm well aware of that, and wrote about it in Spent. But it's still an irrational and ungrateful reaction.
6:44 AM - 21 Mar 2018
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