-
The Economics of Inequality
In this book the author explaining how inequality evolves and how economists measure it. In subsequent chapters, the author explores variances in income and ownership of capital and the variety of policies used to reduce these gaps. Along the way, with characteristic clarity and precision, he introduces key ideas about the relationship between labor and capital, the effects of different systems of taxation, the distinction between Historical and Political time, the impact of education and technological change, the nature of capital markets, the role of unions and apparent tensions between the pursuit of efficiency and the pursuit of fairness.
