All Posts Tagged With: "income inequality"
The Mobility Gap: What Does It Mean?
“Americans enjoy less economic mobility than their peers in Canada and much of Western Europe.”
6Jan2012 | Sheldon Richman | 16 comments | ContinuedThey’re Not Insulting Our Mothers
That the wealth of the nonrich has grown is no reason to be complacent about corporatism. It simply shows that something less than complete freedom goes a long way.
4Nov2011 | Sheldon Richman | 33 comments | ContinuedStop the Bad Guys
It’s not too much of a simplification to say that modern American conservatives believe the national government to be ignorant, bumbling, and corrupt when it meddles in the U.S. economy, but sagacious, sure-footed, and righteous when it meddles in foreign-government affairs. Nor are the boundaries of acceptable simplification breached by saying that modern American “liberals” [...]
25May2011 | Donald J. Boudreaux | 19 comments | ContinuedMore Income Redistribution Will End the Great Recession?
With increasingly widespread recognition of the failure of Keynesian economic policies, all the Progressives are left with are claims whose acceptance requires a suspension of one’s logical faculties. An excellent example of this is a September 2, 2010, New York Times op-ed by Robert Reich, the Clinton administration secretary of labor and professor of public [...]
24Nov2010 | Ivan Pongracic Jr. | 4 comments | ContinuedWhat We Believe
The Foundation for Economic Education, publisher of this magazine since 1956, is now in its seventh decade, and I am now in my seventh month as its president. As we expand the outreach of our programs and publications, now is a good time to remind our readers who we are and what we believe in. [...]
2Mar2009 | Lawrence W. Reed | 8 comments | ContinuedLibertarianism Through Thick and Thin
To what extent should libertarians concern themselves with social commitments, practices, projects, or movements that seek social outcomes beyond, or other than, the standard libertarian commitment to expanding the scope of freedom from government coercion? Clearly, a consistent and principled libertarian cannot support efforts or beliefs that are contrary to libertarian principles—such as efforts to [...]
1Jul2008 | Charles Johnson | 4 comments | ContinuedBook Reviews – November 2007
- Lenin, Stalin, and Hitler: The Age of Social Catastrophe
by Robert Gellately Reviewed by Richard M. Ebeling
- Depression, War, and Cold War
by Robert Higgs Reviewed by Burton Folsom, Jr.
- Great Philanthropic Mistakes
by Timothy Sandefur Reviewed by George C. Leef - Elements of Justice
by David Schmidtz Reviewed by Aeon J. Skoble
Inequality Matters
In the controversy raging over whether income inequality in America is growing a lot or a little, some pro-market people say it doesn’t much matter. This attitude is unjustified, not to mention harmful to the cause of individual freedom because it misses the bigger picture. How could growing economic inequality not matter? I’d understand that [...]
1May2007 | Sheldon Richman | 3 comments | ContinuedSmart Economics: Commonsense Answers to 50 Questions about Government, Taxes, Business, and Households
By Michael L. Walden Reviewed by George C. Leef
1Jan2007 | George C. Leef | 2 comments | ContinuedBook Reviews – December 2006
- The Ethics of the Market
by John Meadowcroft Reviewed by Richard M. Ebeling
- Peddling Panaceas: Popular Economists _in the New Deal Era
by Gary Dean Best Reviewed by Burton Folsom, Jr
- Philosophers of Capitalism: _Menger, Mises, Rand, and Beyond
by Edward W. Younkins Reviewed by Aeon J. Skoble
- Winning the Race: Beyond the Crisis in _Black America
by John McWhorter Reviewed by George C. Leef
Eye on the Ball
Like clockwork, on Aug. 28 the New York Times produced another page-one story purporting to show that living standards for many Americans have fallen, this time because wages in recent years have failed to keep up with inflation. This has been happening despite rising productivity and even taking into account the shift from cash to [...]
1Nov2006 | Sheldon Richman | 0 comments | ContinuedBook Reviews – October 2006
- Reviving the Invisible Hand: The
Case for Classical Liberalism in the Twenty-First Century
by Deepak Lal Reviewed by Richard M. Ebeling
- Laws of Fear
by Cass Sunstein Reviewed by Donald J. Boudreaux
- Bury the Chains: Prophets and Rebels in the Fight to Free an
Empire’s
Slaves
by Adam Hochschild Reviewed by Becky Akers
- Why Men Earn More
by Warren Farrell Reviewed by George C. Leef
Only the Rich Are Getting Richer? It Just Ain’t So!
“In an era when the rich are the only income group getting richer,” begins an article in the April 13 Washington Post. (Blaine Harden, “As the Rich Ride In, Many Are Priced Out of Homes on the Range.”) But in this one 13-word statement, versions of which have become so common in conversations and newspaper [...]
1Aug2006 | David R. Henderson | 0 comments | ContinuedCan You Spot the Billionaire?
A Canadian student once confessed to me the confusion and anger he suffers whenever any of his friends move to the United States. I asked him why he feels this way. He replied that he “could never live in a country with such a high Gini coefficient.” The Gini coefficient is a measure of income [...]
1Jan2004 | Donald J. Boudreaux | 25 comments | ContinuedAmerica Is Headed Toward Plutocracy?
In a New York Times op-ed (June 14, 2002), columnist Paul Krugman lamented the increasing inequality between rich and poor, and expressed concern that this will lead to an erosion of democracy. He needn’t worry himself (more important, he needn’t worry his readers), since his argument depends on misleading arguments about wealth disparities and philosophical [...]
1Oct2002 | Aeon J. Skoble | 3 comments | ContinuedEquality and Capitalism
Probably the most common charge against capitalism is that it creates wealth and income inequality. The frequency of this allegation testifies to the fact that it strikes a chord with large numbers of people. It’s so believable. After all, who can deny that Bill Gates, Warren Buffett, and bond traders each have vastly more money [...]
1Sep2002 | Donald J. Boudreaux | 5 comments | ContinuedProsperity Through Inequality
Economics may be seen as the rendering of the counterintuitive obvious. At least that’s what good economists do. I came across a good example recently while reading F. A. Hayek’s lecture “The Origins and Effects of Our Morals: A Problem for Science,” which is reprinted in his book New Studies in Philosophy, Politics, Economics, and [...]
1Aug2001 | Sheldon Richman | 0 comments | Continued-
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