Mark Littlewood writes for The Telegraph
In his article Mark argues that by focusing almost entirely on how we should slice up the available pie, we often pay scant regard to how we are preventing the growth of future pies by doing so. Our understandable instincts to ensure everyone gets some pie is a static approach and markets work dynamically. At some point our obsession with the division of pie today means even the poorest get less pie tomorrow.
Read the full article here.
Further reading: An Introduction to Capitalism, by Eamonn Butler