Three Myths of Capitalism

Greg Mankiw has posted on his blog a short video by Jeff Miron, an economist at Harvard, addressing three myths of capitalism. The myths that Miron addresses are (1) the notion that being pro-capitalism is the same as being pro-business; (2) the claim that capitalism generates an “unfair” distribution of income; and (3) the claim that capitalism was responsible for the recent financial crisis.

It’s short and well worth watching.

-Steve Bradford