Arnold Kling  

Envy and Status

The Escalation of Well-Being... Determinants of Mortality...

'Jane Galt' writes,

when it comes to hyper-obsession with invisibly fine status distinctions, no banker could hold a candle to the average academic

Read the whole thing, and also re-read Economic Man vs. Status Man.

Incidentally, in Learning Economics, I quoted 'Jane Galt' at one point. Robert Solow chided me for quoting a "blogger." It was interesting that he raised an objection about her status (or lack thereof) as opposed to the content of the quote.

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CATEGORIES: Income Distribution

COMMENTS (2 to date)
luispedro writes:

You should have quoted "a writer of the Economist, writing in his personal capacity, said..." or something to the effect.

Phil writes:

You quoted Solow? I can't believe you would quote someone who isn't even qualified enough to have his own economics blog.

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