Econ Point of View

Understanding the world through an economic point of view

Profits

Brian C. Albrecht

4 minutes read

My last post probably generated more confusion than clarity. Let me try to clarify some conceptual points that might help bring my thinking into focus. In that post, I was trying to work through the inequality/rents connection. I argued that the standard way I’ve seen it presented doesn’t make sense to me. I tried to argue that increasing rents is neither necessary, nor sufficient for increasing inequality. In the more speculative parts of the post, I suggested why I think this confusion exists.

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