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The View from Above
In an effort to impart complex ideas as simply as possible, in this edition of his column, the illogical Toothcomber tackles the profligacy of the poor and economic inequality.
Why the Poor Are Profligate
Some of the most foundational questions confronting our economy and society are typically viewed through the distorting prism of ideology, and dealt with that mix of “radical” force majeure and hot-headed rhetorical flourish that so thoroughly characterises a good deal of allegedly “professional” opinion in such matters, and so disastrously negates the advantages that are to be had from a dispassionate application of the tools of formal economic analysis to real-life problems. This is nowhere more plainly in evidence than in addressing such phenomena as deprivation and disparity.
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