Brink Lindsey on the Age of Abundance

Brink Lindsey talks with host Russ Roberts about the interaction between culture and politics and prosperity. Lindsey outlines the nature of prosperity in America in the 20th century, then focuses on the last half of the century when cultural change was perhaps as dramatic as economic change. The conversation concludes with a discussion of Lindsey's essay, "Paul Krugman's Nostalgianomics." Lindsey argues that the policies that led to a more egalitarian distribution of income in the 1950s had other less attractive characteristics.