Mention the word “capitalism” and someone is sure to make the association “inequality.” With some justice the relationship between the two concepts is generally thought to be close. Consequently defenders of capitalism are often suspected of being hardhearted defenders of the privileges of the rich. A routine defense of capitalism, if it does not positively […]
Michael Clurman received his B.S. in economics from the University of Wisconsin in 1965, his M.A. from Harvard in 1968.