Fairness
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 written by Tim Harford, who blogs at the Financial
Times as the Undercover
Economist:
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
Roger McCain's explains the Lorenz Curve. This page is the first of several that develop his explanation. Click on
his next button to get the whole discussion, including a discussion of the Gini coefficient.
william-king.www.drexel.edu/top/prin/txt/factors/dist3.html
Joel Slemrod of the University of Michigan explains the
purpose and effects of progressive taxation, one of the ways
government attempts to redistribute income:
www.econlib.org/library/Enc1/ProgressiveTaxes.html
Isabel Sawhill of the Brookings Institution looks at
poverty in the U.S. and the government attempts to reduce
it:
www.econlib.org/library/Enc1/PovertyintheUnitedStates.html
Dwight Lee takes a skeptical look at attempts of the
government to reduce income disparities in the U.S. in yet
another entry from The Concise Encyclopedia of
Economics:
www.econlib.org/library/Enc1/RedistributionofIncome.html
These links were checked on July 5, 2008.
  
Copyright
Robert Schenk
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