The Virtue of Riches-How Wealth Makes Us More Moral


”’This is a book review of “The Moral Consequences of Economic Growth” by Benjamin M. Friedman, New York: Knopf, 592 pages, $35”’

For many Americans, riches are so disreputable that taking them away is a goal in itself. The left used to offer the misery of the poor as a reason for redistribution, but these days an increase in inequality is just as likely to be the rallying cry for higher taxation. In a savage New York Times column this past March, the economist Paul Krugman turned rising inequality