Description
Book SynopsisEvery economic system exists only to satisfy human wants, yet most systems fail to do so. Taking a keen look at the gap between goal and result, Stanley Lebergott appraises public policies relating to the U.S. distribution of income and wealth today. Part I shows that many programs have disappointed their proponents because certain basic assumptio
Table of Contents*Frontmatter, pg. i*PREFACE, pg. v*CONTENTS, pg. vii*CAN AMERICAN CAPITALISM END POVERTY?, pg. 3*ON CONFISCATION, pg. 21*PER CAPITA INCOME AND THE ANGEL OF THE LORD, pg. 33*THE SUBMERGED TENTH: COLOR AND ETHNIC GROUP INCOMES, 1900-1970, pg. 44*A CENTURY OF GUARANTEED INCOME IN THE U.S., pg. 53*THE MINIMUM BUDGET: FROM "DECENCY" TO "SCIENCE", pg. 70*POVERTY AND STARVATION, pg. 77*GNP AND THE GARDEN OF EDEN: LONG-TERM TRENDS IN U.S. REAL INCOMES, pg. 88*DISCRIMINATION AND POVERTY, pg. 108*WHAT INCOME DISTRIBUTIONS MEAN, pg. 129*THE CONCENTRATION OF WEALTH: SOME ECONOMIC ASPECTS OF ETHICS, pg. 149*THE NOUVEAU RICHE AND UPWARD MOBILITY, pg. 161*ARE THE RICH GETTING RICHER? TRENDS IN U.S. WEALTH CONCENTRATION, pg. 179*THE DISTRIBUTION OF WEALTH IN 1970, pg. 215*LONG-TERM TRENDS IN THE U.S. STANDARD OF LIVING, pg. 248*WHITE AND NON-WHITE INCOME DISTRIBUTIONS: 1900-1970, pg. 299*THE INCOME DISTRIBUTION IN 1900, pg. 310*SERVICE EXPENDITURES SINCE 1900: NEW ESTIMATES, pg. 326*INDEX, pg. 377
