Sunday, April 20, 2008

ECON 365: More Inequality

Greg Mankiw writes an article on growing income inequality for the NYTimes which Mark Thoma excerpts and provides a nice set of responses.

Here's Mankiw:
Maybe educational levels are like Willie Wonka’s chocolate bars. A few of them come with golden tickets that give you opportunities almost beyond imagination. But even if you aren’t lucky enough to get a golden ticket, you can still enjoy the chocolate, which by itself is well worth the price.

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