Implications of income disribution
Posted: 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>
<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>