
The American Economy
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Part I shows that many programs have disappointed their proponents because certain basic assumptions were not understood. The author's new data suggest more realistic answers to much-debated questions: Are the rich getting richer? How much "upward mobility" exists? What approaches to poverty, starvation, and discrimination are practical today?
In Part II, size distributions are derived for wealth in 1970, for income in 1900, and for white and non-white income for the period 1900-1970. These data include new estimates for key items in the standard of living since 1900, with detail on services that have dominated the "postindustrial" economy.
Originally published in 1976.
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Content
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
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