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Wealth & Poverty Review Anne Bradley on Income Inequality

The one accomplishment of Occupy Wall Street (if it can be called an accomplishment) is to get people talking about the 1% and 99%. Unfortunately, such language betrays several economic myths: that people are frozen like mosquitos in amber in the same income bracket for life, that the wealth of a few causes the poverty of the many, and so forth.
This thinking, in turn, causes moral judgments about inequality to misfire.
Economist Anne Bradley at the Institute for Faith, Work, and Economics has just released a new research paper dealing with both the economic and biblical/theological issues involved in income inequality. She makes a number of important points, but perhaps my favorite is that, short of cronyism, we need to be concerned, not with inequality of income, but with the relative prosperity and income mobility of the people at the bottom.
Read the whole thing here.

Jay W. Richards

Senior Fellow, Assistant Research Professor, Executive Editor
Jay Richards, Ph.D., O.P., is an Assistant Research Professor in the School of Business and Economics at The Catholic University of America, Executive Editor of The Stream and a Senior Fellow at the Discovery Institute where he works with the Center on Wealth, Poverty and Morality. In addition to writing many academic articles, books, and popular essays on a wide variety of subjects, he edited the award winning anthology God & Evolution and co-authored The Privileged Planet.  His most recent book is The Human Advantage. Richards has a Ph.D., with honors, in philosophy and theology from Princeton Theological Seminary, an M.Div., a Th.M., and a B.A. with majors in Political Science and Religion. He lives with his family in the Washington DC Metro area.