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Affluent Rules

A couple of weeks ago I led off an article with a quote from a new Gilens and Page paper – linked to in the article. Subsequently I have acquired and waded through the Gilens book “Affluence & Influence”. Time for a few more quotes, all from page 81 of the aforementioned book: “The complete […]

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The Economist Gets Sniffy

The Economist magazine must have been scratching its editorial head recently as it tried to summon up a good response to the Piketty book. Looking at its leader article in the May 3rd edition, I suspect the effort wasn’t worth it. The leader headline says it all: “A modern Marx”. The book, we are told, […]

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Irving Fisher and Inequality

“The real scientific study of the distribution of wealth has, we must confess, scarcely begun. The conventional academic study of the so-called theory of distribution into rent, interest, wages, and profits is only remotely related to the subject. This subject, the causes and cures for the actual distribution of capital and income among real persons, […]

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