Description |
xix, 217 p. : ill. ; 19 cm. |
Bibliography |
Includes bibliographical references. |
Contents |
Income equality : the earliest standard of efficiency -- Equality does not matter : Pareto efficiency and the free market -- The Pareto efficiency cops -- Why redistributing goods may be Pareto efficient after all -- A brief history of the federal income tax -- It is not Pareto efficient : the rich pay too much taxes (or, Laffer's napkin) -- Private goods -- Government-supplied goods -- The classical theory of wages -- The neo-classical theory of wages : John Bates Clark -- The evidence -- The minimum wage -- Theories of wages and the Great Depression -- "Sticky wages " -- "Efficiency wages", or, Why unemployment is the fault of shirking by workers -- Executive compensation. |
Summary |
Argues that contemporary economic theories, particularly those concerning efficiency and wages, favor the rich over the poor, and that there are better, more just options. |
Subject |
Economics.
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Income distribution.
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Wages.
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ISBN |
1595586415 (pbk.) |
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9781595581013 |
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1595581014 |
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9781595586414 (pbk.) |
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