Reason.tv's Nick Gillespie talks with economist Arnold Kling and journalist Nick Schulz about their new book, From Poverty to Prosperity (Encounter), which charts the fantastic increase in overall wealth despite recent economic troubles.
Taking a longer view that stretches back decades and even centuries, Kling and Schulz argue that we've entered the era of Economics 2.0, in which the key issue is innovation, transformation, and growth, not the divvying up of existing goods and services.
Schulz, the editor of the The American, and Kling, author also of the new Unchecked and Unbalanced, worry about a politics that is dangerously out of synch with the way the economy actually works.
Approximately 10 minutes. Shot by Dan Hayes and Meredith Bragg; edited by Bragg.
Watch this video at Reason.tv's YouTube channel.