Against inequality. (income inequality)

Journal of Economic Issues | June 1, 1998| | Copyright

Definition and Plan of Attack

Inequality is the systematic division of the members of a society into separate groups for the benefit of one group at the harm of the other. I call members of the benefited group the top dogs and members of the harmed group the underdogs. The five systems of inequality I deal with here are racism, sexism, classism, jingoism, and anti-Semitism. The treatment of inequality in conventional economics is wrong and causes much grief. Contrary to conventional economics, inequality is not a social investment in future productivity. Inequality is a ...

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