"There is always a philosophy for lack of courage."—Albert Camus

Friday, December 08, 2006

TRC Emeritus Alan Reynolds' New Book

I don't know if Alan is still active one way or the other with TRC, but his new book is apparently out and it sounds like great stuff. Even though I've handed in my TRC retirement to blog with American Spectator, I'm just sentimental enough to plug Alan's work here at his (and my) old stomping ground. Here's what National Review's Rich Lowry had to say about it:

If you don’t yet believe that we live in a de facto caste system, just wait until the new Democratic economic populists take over Congress. They will rely on the usual myths to portray the American economy as an engine of inequity and dispossession, benefiting only the very rich.

In advance of this onslaught, Cato Institute scholar Alan Reynolds has written a new book, Income and Wealth, that explodes much of the downbeat conventional economic wisdom.

The key difference between the richest and poorest households, Reynolds finds, is simply work: “Most income in the top fifth of households is from two or more people working full time. Most income in the bottom fifth is from government transfer payments.” According to the Census Bureau, there are almost six times as many full-time workers in the top households as in the bottom, and 56.4 percent of the bottom households didn’t have anyone working at all in 2004.

4 comments:

Alan Reynolds said...

I have been so active with writing and promoting the book that I've neglected TRC. I'm still here, and hope to get back to blogging soon. I haven't even been using the cato.org blog, and those guys pay me.

Alan Reynolds said...

I have been so active with writing and promoting the book that I've neglected TRC. I'm still here, and hope to get back to blogging soon. I haven't even been using the cato.org blog, and those guys pay me.

Tom Van Dyke said...

Cheers, Alan, and congratulations on the book. I hear the burblings of the income inequality/class warfare rhetoric rising for the '08 campaign and I trust your latest will be an irreplacable antidote for it.

Kathy Hutchins said...

Alan, you're not taking advantage of possibly advantageous market segmentation. If folks will pop $55 for this book, what would they drop for an autographed copy? Put the link here on TRC, and we could arrange an off-the-top percentage straight to you. Of course, Ed might object to an end run, these libertarians get a little testy sometimes when the truly free market bites them in the rear.