By Michael Heim. Oxford Univ. Press.264 pp. $26
ings to subsidize mass transit.) And, the author notes, while the top earners accumulated ever-larger fortunes, median family income dropped two percentage points between 1990 and 1995. The rich have spent more on luxury items, but, contrary to the assumptions of laissez-faire economics, society as a whole has not benefited.
After lamenting the growing gap between rich and poor, an issue often raised by liberals, the author borrows the rhetoric of Darwinian analysis from conservatives to explain the acquisitive...