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Tuesday, October 29, 2002

Wow! This Will Be The Last Word On Krugman and Income Inequality

Well, until the next time. From Andrew Kling at Tech Central Station:

"In fact, most economists who examine the income distribution do so because they worry about how to eliminate poverty, not how to eliminate wealth. In making the argument that disparities between the highest earners and median matter in a society with a prosperous middle class, Krugman is breaking new ground.

Hmm, I had put that slightly differently: After the Clinton boom years, Democrats are fretting about how to achieve growth and general prosperity without anyone actually getting rich.

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