In response to the NYT obituary for Becker, which notes the
economist's contention that people in wealthy nations face
greater time that income constraints, Gene Coyle says,
"Now I feel sorry for the 1%, they don't have enough time
to consume their income. That makes them worse off than
the unemployed, who have all the time they need to consume
their income."
Gene, this is a wonderful comment. It shows the capitalist
apologetics that underlies Becker's theories.
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