View source for Reviews of "The Great Stagnation"
From Critiques Of Libertarianism
Jump to:
navigation
,
search
<!-- you can have any number of categories here --> [[Category:Tyler Cowen]] {{DES | des = [[Tyler Cowen]]'s short, digital-only book is a non-academic attempt to divert attention from growing inequality. It does so by lying with statistics.}} "The Great Stagnation" is a classic example of lying with statistics. [[Tyler Cowen]] claims that our innovation is stagnating because median GDP/capita is not increasing the way it used to. But mean GDP/capita has been increasing steadily. The difference is because increases in GDP over the past 30 years have gone almost exclusively to the rich. It is disgusting that Tyler relies on a trick that we teach students about in grade school (the difference between mean, median, and mode), and even more disgusting that so many people have considered his claims seriously instead of denouncing the trick. Why would he do this? Simple class warfare tactics: if you convince people that wealth is not there, instead of being redistributed to the rich, they will not be able to fight back. [[Paul Krugman]], a few months later, describes what Tyler's doing in [[Oligarchy, American Style]]. "Whenever growing income disparities threaten to come into focus, a reliable set of defenders tries to bring back the blur. [...] So what you need to know is that all of these claims are basically attempts to obscure the stark reality: We have a society in which money is increasingly concentrated in the hands of a few people, and in which that concentration of income and wealth threatens to make us a democracy in name only." Tyler's position at the [[George Mason University Economics Department]] is controlled by the billionaire [[Koch brothers]], and he is producing exactly what they would want to distract from income inequality. There are many positive reviews from Cowen's fellow travelers and reviewers who do not see through the trick. Those are omitted from this list because they are generally foolish or also deceptive. Besides, this is the CRITIQUES Of Libertarianism web site. {{List|Reviews of The Great Stagnation|links=true}}
Template:DES
(
view source
)
Template:Extension DPL
(
view source
)
Template:List
(
view source
)
Template:Red
(
view source
)
Return to
Reviews of "The Great Stagnation"
.
Navigation menu
Views
Page
Discussion
View source
History
Personal tools
Log in
Search
Search For Page Title
in Wikipedia
with Google
Translate This Page
Google Translate
Navigation
Main Page (fast)
Main Page (long)
Blog
Original Critiques site
What's new
Current events
Recent changes
Bibliography
List of all indexes
All indexed pages
All unindexed pages
All external links
Random page
Under Construction
To Be Added
Site Information
About This Site
About The Author
How You Can Help
Support us at Patreon!
Site Features
Site Status
Credits
Notes
Help
Toolbox
What links here
Related changes
Special pages
Page information
Guidelines To Create
Indexable Page/Quote
Indexable Book/Quote
Indexable Quote
Unindexed
Templates
Edit Sidebar
Purge cache this page