Friday, February 16, 2007

More from Phelps... on Wealth and Culture

As blogged earlier though perhaps not as selective in my quoting, there's an additional point that should have been emphasized in his editorial:

Lastly, there a strain of anti-commercialism. "A German would rather say he had inherited his fortune than say he made it himself," the economist Hans-Werner Sinn once remarked to me
As the Right Coast points out, it is extraordinary. Hat Tip, Instapundit.

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