Are the rich compatible with democracy? Should we accept such a high degree of inequality in our society? Does the profit system glorify greed? In ...Show synopsisAre the rich compatible with democracy? Should we accept such a high degree of inequality in our society? Does the profit system glorify greed? In /Are the Rich Necessary?/ Hunter Lewis presents the most fundamental and provocative economic arguments that underlie society. Lewis connects economics directly with profound contemporary social issues. How are our personal values reflected in these issues and how do we choose between contending economic approaches? Most importantly, can philanthropy play a strategic role in helping people to lift themselves from poverty? Lewis offers a dramatic new proposal to significantly increase contributions to charitable organizations to help address key social issues. A challenging and sure to be influential book.Hide synopsis
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This is an excellent introduction to economics from the perspective of the Austrian School. The weakness of many Keynesian positions are pointed out. A concise non technical read for the non professional. Recommended highly for liberal as well as conservative readers.
The author provides arguments - both for and against -, focused on the various economic and social principles one might evaluate in order to determine if the rich are a necessary component of the success of America. Although Mr. Hunter claims no bias in his introduction, I came away feeling that he had stretched some of his pro-rich points; but this could well be in the eye of the beholder.
The book explores the pitfalls of relying on government to take over the role of the rich in fueling the economy; pointing out that while the rich eventually run out of things to buy and must therefore save and invest, the government never lacks for things to spend money on.
If the title appeals to you, the book will too.
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