Inequality may be the greatest economic challenge of our generation. Yet despite extensive academic debate, there is still no consensus as to its causes. Earlier this year, Tyler Cowen sparked a debate on the subject with his book "Average is Over,” in which he argues that inequality is driven by new developments in technology that give some workers who can capably use the technology a wage premium over those who can’t. Future innovations in technology, he argues, will contribute to hyper-meritocracy and further inequality.
His argument echoes the conventional wisdom in economics, formulated by Lawrence Katz and Claudia Goldin, that ski
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U.S. pundits cheer when some African warlord or East European brute is dragged before an international tribunal, but not at the thought of justice being meted out to George W. Bush or other architects of post-9/11 torture and aggressive war on Iraq, as John LaForge notes.
