An updated edition of my book “Pay Check: Are Top Earners Really Worth It?” is now out. With an afterword examining how the debate has progressed in the last two years, the book explains:

• Why high pay must be confronted if popular faith in the system is to be restored.
• Why the current mantra attacking “rewards for failure” is misguided; individuals should not even be rewarded for corporate success.
• Why taxation, regulation and other forms of state intervention will be successfully sidestepped.
• Why only the successful dismantling of the talent myth will bring pay to more rational levels; progress is being made here – there is clear evidence that top earners and their allies are losing confidence in their hollow justifications.