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Deaths of Despair and the Future of Capitalism

Book by Anne Case · 4 quotes · Dismal Science, Drugs, Economic Inequality

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Deaths of Despair and the Future of Capitalism Quotes

“Inequality is much cited for its baleful impacts. In this book, we see inequality as a consequence as much as a cause; if the rich are allowed to enrich themselves through unfair processes that hold down wages, and raise prices, then inequality will certainly rise. But not everyone gets rich that way. Some people invent new tools, drugs, or gadgets, or new ways of doing things, and benefit many, not just themselves. They profit from improving and extending other people’s lives. It is good for great innovators to get rich. Making is not the same as taking. It is not inequality itself that is unfair but rather the process that generates it.”

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Book:Deaths of Despair and the Future of Capitalism
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“As is often noted, and only partially in jest, economists seek to explain why people choose to commit suicide, while sociologists explain why they have no such choice. On suicide, the sociologists have been rather more successful than the economists. For their part, economists have proposed a “rational” theory of suicide that posits that people kill themselves in order to “maximize utility.”

EconomicsSuicideSociologyUtilityNeoclassical EconomicsDismal Science
Book:Deaths of Despair and the Future of Capitalism
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