Spectator Out Loud: Henry Jeffreys, Marcus Walker, Angus Colwell, Nicolas Farrell and Rory Sutherland
Best of the Spectator
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Challenging Economic Assumptions and Consumption Values
This chapter examines the misconceptions about economic theories and their real-world implications, particularly focusing on the distribution of GDP growth benefits. It critiques traditional views on consumption and proposes a new tax system designed to promote expenditures that enhance social well-being over those motivated by status and competition.
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