Suchergebnisse

An examination of the distribution of incomes in the light of Pareto's Law. For 22 countries considered at different times, from Athens 6th century BC to France 1962, the distribution of incomes bears out Pareto's conclusions of the constancy of inequality across societies & of the impossibility of supressing inequality by acting upon the social organization. But in using the lognormal law to represent the distribution of income of world populations in developed countries, somewhat developed, & underdeveloped, (1454-1850-1953) there is evidence of the diminution of inequality of the distribution of fortunes from the 19th century into & in the course of the 20th century. However, if inequality has varied, whatever the social organization, its order to size for incomes has varied relatively little. If inequality cannot be eliminated, it can be reduced perceptibly in democratic societies founded on a market economy. 3 Tables, 6 Charts. E. Loomis.

Economic problems can be symptoms of deeper social problems. In the inequality debate this is often ignored, and the problem is reduced to state redistribution. This approach is incomplete and surely won't work as a long-term problem solver.