[lbo-talk] Actual Economic Question

[boddi satva]

So I have been looking at wealth distribution and I find something
that should be heartening to us: there seem not to be equillibrium
models (ones which would back up the "fair society" propoganda) which
are able to effectively predict or emulate the enormous concentration
of wealth in the top decile of Americans.

A paper by the Chicago Fed seems typical:

http://www.chicagofed.org/publications/workingpapers/wp2005_10.pdf

Do conservatives try to explain the concentration of wealth in the
U.S. with models that comport to the data or do they just talk a lot
of Laffer Curve nonsense and are never made to explain why the wealthy
are so wealthy?

Boddi