A Power Theory of Personal Income Distribution

A Power Theory of Personal Income Distribution
Fix, Blair. (2017). Presentation at the Third Speaker Series on the Capitalist Mode of Power, Department of Politics, York University, Toronto. 17 October. (Lecture / Presentation; English).

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Abstract or Brief Description

Due in no small part to the work of Thomas Piketty, the empirical study of income inequality has flourished in the last decade. But this plethora of new data has not led to a corresponding theoretical revolution. Why? The problem, I believe, is an unwillingness to question and test the basic assumptions on which current theory rests. Most theories of personal income distribution are deeply wedded to the assumption that income is proportional to productivity. However, this approach has a simple, but little discussed problem: income is distributed far more unequally than documented differentials in human labor productivity. But if not productivity, then what explains income? I propose that income is explained most strongly by social power, as manifested by one’s rank in an institutional hierarchy. Using a novel array of evidence, I show (for the first time) that there is a strong quantitative relation between income and hierarchical power. Moreover, I show that hierarchical power affects income more strongly than any other factor. I conclude that this is evidence for a power theory of personal income distribution.

Refreshment will be served and everyone is welcome.

WHERE: Verney Room, South 674 Ross Building, Keele Campus, York University
WHEN: 2:30 - 5:30 pm, Tuesday, 17 October 2017

Language

English

Publication Type

Lecture / Presentation

Commentary on

Third Speaker Series on the Capitalist Mode of Power
Fix, Blair and Cochrane, DT and McMahon, James. (2017). Department of Politics. York University. October. (Other; English).

Additional Information

Presentation at the Third Speaker Series on the Capitalist Mode of Power, Department of Politics, York University, Toronto

Keywords

hierarchy personal income distribution power

Subject

BN Methodology
BN Power
BN Civilization & Social Systems
BN Conflict & Violence
BN Distribution

Depositing User

Jonathan Nitzan

Date Deposited

24 Sep 2017 22:33

Last Modified

30 Sep 2017 03:32

URL:

http://bnarchives.yorku.ca/id/eprint/518

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