He wrote:- “Blue-collar people today are economically much better off than they were in, say, the 1950s or 1970s.  Their inflation-adjusted average overall income and benefits are considerably higher, their houses are bigger, and they have access to labour-saving technologies their grandparents couldn’t even envisage.“The paradox of markets is that people pursuing their rational self-interest … Continue reading Samuel Gregg is the Friedrich Hayek Chair in Economics and Economic History at the American Institute for Economic Research. →