The purpose of this essay is to outline the evolution of inequality in the post-World War II period and the causes shaping that evolution.  The starting proposition of the essay is that both inequality and the social tolerance of inequality have substantially increased almost everywhere over...

The incomes of workers and capitalists pertain to different moments of accumulation. Wages are shares of capital outlays sustaining production; profits are shares of commodity sales. If aggregate demand and the scale of productive undertakings are shaped with a measure of mutual autonomy, the...