Originally published in 1984, this study explores multiple theoretical perspectives as well as critically analysing the most recent evidence at the time to try and find a full explanation for inequality in the United States. Arguments of neoclassical economists and Marxist and institutional structuralists are considered by Osberg as well as putting forward his own model. Osberg uses his findings to attempt a complete explanation of the issue and advises on policies which could be undertaken by the government to try and lessen the gap. This title will be of interest to students of Economics.

Lars Osberg

Preface; 1. Introduction 2. Inequality in Money Income 3. Economic Inequality 4. Poverty and Inequality 5. Of Laborers and Capitalists-The issue of Factor Shares 6. Of chance and Ability 7. Of Race and Sex 8. The "Neoclassical" Perspective 9. Structural Interpretations: The Importance of Constraints 10. An Eclectic Summary 11. The Acquisition of Property 12.Growth and/or Equality 13. Government and Inequality 14. Conclusion; Bibliography; Index of Names; Index of Subjects; About the Author