Economic Inequality: Facts, Theory and Significance
Table of Contents
- Executive Summary
- Introduction
- The Basic Facts about Income Inequality
- The Factors Behind Income Inequality
- Are the Rich Getting Richer while the Poor Are Getting Poorer?
- Potential Pitfalls of Redistribution
- The Effect of Income Mobility
- The Economic Justification for Income Inequality
- The Philosophical Justification for Income Inequality
- The Difficulty of Redistribution
- Conclusion
- Notes
- Appendix
- About the Author
About the Author
David R. Henderson is a research fellow with the Hoover Institution. He is also an associate professor of economics at the Naval Postgraduate School in Monterey, California. Dr. Henderson is the editor of The Fortune Encyclopedia of Economics (Warner Books, 1993) and The Concise Encyclopedia of Economics (Indianapolis, Ind.: Liberty Fund, 2008). He is also the author (with Charles L. Hooper) of Making Great Decisions in Business and Life (Chicago Park, CA: Chicago Park Press, 2006) and The Joy of Freedom: An Economist’s Odyssey (Upper Saddle River, N.J.: Financial Times Prentice Hall, 2002), which has been translated into Russian and Chinese. He writes frequently for the Wall Street Journal. Henderson earned his bachelor of science degree in mathematics from the University of Winnipeg in 1970 and his Doctor of Philosophy degree in economics from the University of California, Los Angeles, in 1976.
