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Ira Belfer
reviewed Why the poor get richer and the rich slow down on July 22, 2008
Why the poor get richer and the rich slow down
The book includes a useful overview of new information economics - and associated critiques of mainstream neoclassical economics. Despite the title, it doesn't provide illumination on the forces that led to the breakdown of the socialist economies. Anyone interested in that topic should read one of Janos Kornai's books, "The Socialist System: The Political Economy of Communism" or "From Socialism to Capitalism: Eight Essays."
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