The Distribution of Income
Frank Levy, who is responsible for some very clever
interactive graphs to which these pages of Alternatives and
Supplements link, here writes about the distribution of
income in the U.S. for The Concise Encyclopedia of
Economics:
www.econlib.org/library/Enc/DistributionofIncome.html
The concept of marginal revenue product is explained in
detail at amosweb.com:
www.amosweb.com/cgi-bin/awb_nav.pl?s=wpd&c=dsp&k=marginal+revenue+product
The Concise Encyclopedia of Economics at
www.econlib.org had a large number of entries that fit well
in this group of readings, many written by top people in the
field. Gary Becker, who won the Nobel Prize in Economics in
1992, explains the importance of human capital:
www.econlib.org/library/Enc/HumanCapital.html
Forbes magazine has a good article on tournament
theory, but it comes with the annoying ads that makes Forbes
a good place to avoid when browsing the internet:
www.forbes.com/2006/05/20/executive-compensation-tournament_cx_th_06work_0523pay.html
Reason magazine reviews a book and has a skeptical
take on winner-take-all markets:
www.reason.com/news/show/29822.html
Robert Stonebraker from Winthrop University tries to
explain the difficult idea of fairness:
faculty.winthrop.edu/stonebrakerr/book/income_distribution.htm
Satirist P.J. O'Rourke gives advice to college graduates,
including some words about fairness:
www.latimes.com/news/opinion/la-op-orourke4-2008may04,0,3597821,full.story
These links were checked on July 5, 2008.
 
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Copyright
Robert Schenk
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