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Wednesday, February 05, 2014

'The One Percent'

Robert Solow:

"Correspondence: The One Percent: Robert Solow, N. Gregory Mankiw, Richard V. Burkhauser, and Jeff Larrimore." Journal of Economic Perspectives, 28(1): 243-248: The cheerful blandness of N. Gregory Mankiw’s “Defending the One Percent” (Summer 2013, p p . 2 1 – 3 4 ) may divert attention from its occasional unstated premises, dubious assumptions, and omitted facts. I have room to point only to a few such weaknesses; but the One Percent are pretty good at defending themselves, so that any assistance they get from the sidelines deserves scrutiny...

There is also a response from Mankiw, and additional discussion from Burkhauser and Larrimore.

    Posted by on Wednesday, February 5, 2014 at 09:55 AM in Economics, Income Distribution | Permalink  Comments (62)


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