Doug Henwood wrote:
> michael at ecst.csuchico.edu wrote:
> >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.
> Eh? How could you throw Y% into poverty if you have an equal
> distribution of income? You mean per capita GDP increases because
> (100-Y)% gain while Y stays stagnant? Meaning an increase in
> relative, though not absolute, poverty? Or what?
Michael Perelman Economics Department California State University michael at ecst.csuchico.edu Chico, CA 95929 530-898-5321 fax 530-898-5901