(Roughly) Daily

“To be wealthy and honored in an unjust society is a disgrace”*…

 

wealth

 

Scroll a bit, and you come to…

million

Then scroll… and scroll… and scroll… and scroll… and scroll… and scroll… for a visualization of relative levels of wealth in the U.S., with provocative facts and comparisons along the way: “Wealth shown to scale.”

[TotH to EWW]

* Confucius, The Analects

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As we wonder if enough is ever enough, we might spare a thought for one of the architects of the economic reality in which we live, Gary Becker; he died on this date in 2014.  A Nobel laureate economist with an interest in the social sciences, Becker updated the concept of “human capital” (which dated, of course, back to the days of Adam Smith and slavery), arguing that labor economics is part of capital theory.  He mused that “economists and plan-makers have fully agreed with the concept of investing on human beings.”  In this and other assertions, he was a defining proponent of the Chicago school of economics.

220px-GaryBecker-May24-2008 source

 

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