On Thu, Oct 30, 2008 at 11:14 AM, Eugene Coyle <[EMAIL PROTECTED]> wrote:
> Robert Frank, from Cornell, wrote a popular book that sold well,  Luxury
> Fever.  In it he deplored rampant consumerism and also attacked the exisitng
> income distribution.  He ended lamely by suggesting higher taxes on the rich
> as a remedy for both, but remarked that such wouldn't pass Congress.  He
> didn't touch growth or worktime as the solution.
> Economists won't touch the growth subject.  Why won't PEN-L?


Exactly, why won't PEN-L? From last week's thread on Volcker's
"standards of living have to decline", I get the impression that there
is little sympathy on PEN-L for the no growth idea.
-raghu.

-- 
Confucius say, dirty book rarely dusty.
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