Authors:

  • N. Gregory Mankiw

Excerpt

Defending the One Percent. Gregory Mankiw, Summer 2013, Paper. "Imagine a society with perfect economic equality. Perhaps out of sheer coincidence, the supply and demand for different types of labor happen to produce an equilibrium in which everyone earns exactly the same income. As a result, no one worries about the gap between the rich and poor, and no onedebates to what extentpublic policy should make income redistribution a priority....." Link verified August 21, 2014