From the brand new York Times-bestselling writer of Unintended Consequences comes another bold and contrarian publication by the person who famously defended capitalism and the main one percent on the height of the Occupy movement.

Conventional wisdom says income inequality is rising and harmful to nearly everyone, as well as the rich are at fault. But as Ed Conard displays, anyone who can create a product valued by the entire economy will see his or her income growing faster than those who are restricted to the number approximately The Upside of Inequality: How Great Intentions Undermine the Middle Class of customers they can serve, such as for example schoolteachers, plumbers, doctors, and attorneys.

Consider Taylor Swift, the current queen of pop, who made $64 mil in 2014. She earns even more because her audience is huge, not really because she will take anything from the tens of an incredible number of followers who happily pay for those concert tickets, iTunes downloading, and souvenir t-shirts. Her ability to generate worth can scale using the overall economy. The same is true for others who improve the lives of hundreds of thousands, like Facebook founder Tag Zuckerberg and Apple CEO Tim Cook. The growing success of innovators doesn’t hurt all of those other workforce. Actually, the opposite is certainly true–their success increases the demand for our middle and working class labor.

Demanding the arguments of liberal economists like Paul Krugman and Joseph Stiglitz, Conard uncovers the reality about the income inequality panic. And by drawing on a historical study from the ebbs and moves of our economy, he proposes methods to grow the economy faster, which will benefit everyone around the income spectrum.