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The Distribution of Income

Rationing and 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:

Measuring the Distribution of Income

Supply of Resources

The concept of marginal revenue product is explained in detail at

Profit-Maximizing Input

Marginal Productivity and Income

The Concise Encyclopedia of Economics at 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:

Tournament Theory

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:

Winner Take All

Reason magazine reviews a book and has a skeptical take on winner-take-all markets:

What is Fair?

Robert Stonebraker from Winthrop University tries to explain the difficult idea of fairness:

Satirist P.J. O'Rourke gives advice to college graduates, including some words about fairness:,0,3597821,full.story

These links were checked on July 5, 2008.

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Copyright Robert Schenk