academic economics

[Brad DeLong]

>Catherine Driscoll wrote:
>
>BTW, re money going to a few superstars: Hasn't this been recognized 
>for some time by economists (who of course for the most part have no 
>problem with it), and wasn't it even somewhat popularized by Frank 
>and Cook in "The Winner-Take-All Society"?

The implication that Bob Frank has "no problem" with winner-take-all 
markets is false.

Brad DeLong