Difference between revisions of "Reviews of "The Great Stagnation""
From Critiques Of Libertarianism
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[[Category:Tyler Cowan]] | [[Category:Tyler Cowan]] | ||
{{DES | des = [[Tyler Cowan]]'s short, digital-only book is a non-academic attempt to divert attention from growing inequality. It does so by lying with statistics.}} | {{DES | des = [[Tyler Cowan]]'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. | + | "The Great Stagnation" is a classic example of lying with statistics. [[Tyler Cowan]] 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. | 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. | ||
