Bryan Caplan and David Henderson

Wealth distribution

A Category Archive (7 entries)

Economics is all about consumption

Wealth distribution
Scott Sumner
Or at least it should be. And it was when I studied economics in grad school. In recent posts I've complained that the Piketty debate has focused on the wrong variables, income and wealth. These variables do not measure what... MORE

Philip Booth on Thomas Piketty

Wealth distribution
Scott Sumner
I recently did a post where I expressed skepticism about this claim by Thomas Piketty: In my view, there is absolutely no doubt that the increase of inequality in United States contributed to the nation's financial instability. The reason... MORE

Robert Murphy on Capital and Income

Wealth distribution
David Henderson
Our three examples highlight the importance of understanding both the theory and the practice of capital and income measurement. Analysts have often used statistics to make statements about U.S. savings behavior and inequality, without understanding some important causes of the... MORE

Piketty on "merit"

Wealth distribution
Scott Sumner
One thing I noticed while reading Thomas Piketty's new book was the topics that were not covered; progressive consumption taxes, Singapore (or indeed any of the 4 Asian "tiger economies"), and the link (if any) between ethnicity and great wealth.... MORE

Unpersuaded

Income Distribution
Scott Sumner
I recently completed reading Thomas Piketty's new book entitled Capital in the Twenty-First Century. Piketty explains why the distribution of capital is becoming increasingly unequal, why we need higher tax rates on upper income individuals, and also a wealth tax... MORE

Arnold Kling on Well-Being Over Time

Income Distribution
David Henderson
When I was a young assistant professor at the University of Rochester business school in the late 1970s, I had a picture on my desk of a cute dog saying, "I've been rich and I've been poor. Rich is better."... MORE

Phil Magness on Piketty's U.S. Wealth Data

Wealth distribution
David Henderson
All of that stated briefly, the low point for wealth concentration on Piketty's chart (see the upward kink after the 1970s datapoint on Figure 10.5 above), and the point at which a supposed reversal in US wealth concentration trends begins,... MORE

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