Thursday 19 October 2017

Thomas Molloy: Minister has swallowed controversial theory whole

Jobs Minister Richard Bruton
Jobs Minister Richard Bruton
Thomas Molloy

Thomas Molloy

TRADE Minister Richard Bruton has been busy quoting economist Enrico Moretti's theories on wealth creation to back his calls for tax cuts for the rich.

Mr Bruton is not the only fan of the good-looking professor of labour economics; Prof Moretti's book, 'The New Geography of Jobs', was an unlikely bestseller in the United States last year and has kicked off a fresh debate about job creation and taxes.

Prof Moretti is interested in an important topic; why are some parts of the United States booming while others are in a deep recession?

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