income inequality


Cultivating equality

A review of Anthony B. Atkinson

Even if increased equity were to involve a slightly smaller pie, the resulting social order may be preferred. When poverty declines, the social costs of poverty fall, and despair is replaced by hope.


Capital in the Twenty-First Century, by Thomas Piketty

Income disparity is likely to keep getting worse, eventually undermining the viability of democratic capitalism. This stark message has made Thomas Piketty's book the object of much scrutiny.