Implications of income disribution

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"Paul M. Konnersman"
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Joined: Fri Mar 29, 2002 3:39 am

Implications of income disribution

Post by "Paul M. Konnersman" » Tue Oct 22, 2002 2:34 pm

Paul Krugmans "For Richer," (/NY Times/, October 20, 2002)
<
http://www.nytimes.com/2002/10/20/magaz ... sition=top>
seems to me a very important and provocative piece that cries out for a
response from the SD community.

Krugman says at one point, "This obviously raises the possibility of a
self-reinforcing process."

But the real challenge is his assertion that, "We cant rerun our own
history and ask what would have happened if the social norms of
middle-class America had continued to limit incomes at the top, and if
government policy had leaned against rising inequality instead of
reinforcing it..."

Paul Konnersman
From: "Paul M. Konnersman" <konnersman@attbi.com>


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