Paul Krugman | The Trouble With Dynasties

Paul Krugman @ Truthout - A number of people have asked me to comment on Greg Mankiw's recent defense of inherited wealth in The New York Times. It's a strange piece, oddly disconnected from the real concerns about patrimonial capitalism. But let me focus on two key problems with Mr. Mankiw's analysis - one purely economic, one involving political economy.  Read more.