Category Archives: Income disparity

Cereals, Appropriability, and Hierarchy

Conventional theory suggests that hierarchy and state institutions emerged due to increased productivity following the Neolithic transition to farming. This column argues that these social developments were a result of an increase in the ability of both robbers and the emergent elite to appropriate crops. Hierarchy and state institutions developed, therefore, only in regions where appropriable cereal crops had sufficient productivity advantage over non-appropriable roots and tubers.

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Kanbur/Stiglitz: Rent Seeking as a Major Driver of Wealth and Income Inequality

Yves here. This post is wonky but important. While Stiglitz has written regularly about inequality as problematic from an economic perspective, and has mentioned rent seeking as a contributor, to my knowledge, this is the first time he’s said that old theories need to be tossed and that rent seeking is one of the main factors now driving wealth and income inequality.

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Why Bernie Sanders Should Add a Job Guarantee to His Policy Agenda

Bernie has unapologetically rejected sclerotic visions of what is ‘politically possible’.  And now he should add the Job Guarantee to his list of issues.

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Bill Black: Republican Candidates Agree that the System is Rigged for the Rich

The Republican candidates for President all made shameless appeals for even more plutocracy, in particular preferential treatment for the rich.

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