Why Decry the Wealth Gap?

[michael at ecst.csuchico.edu]

I have a hypothetical question, relating to some of Brad's comments on
China as well as this discussion.  Suppose that a society had an equal
distribution of income.  Real GDP per capital could increase X% by
throwing Y% into poverty.  Much of the debate about globalization, the new
economy, .... seems to reflect thinking about this question.

 -- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu