I'm in the midst of dissertation woes, but I have not ignored this
discussion or Danny's comments. I challenge your point, Danny, that
inequality is only correlationally tied to poor health. There are
causal pathways, and I will certainly dig up the evidence for you.
Myriad studies have been done-- prospective, large scale,
longitudinal-- that have looked at this, and they have controlled for
potential confounders. My silence on this matter is not because you
stumped me-- i'm just knee-deep in deadlines.
So no conclusions yet!
On Sep 4, 2007, at 8:04 PM, Daniel Reeves wrote:
> This is what is so awesome about improvetheworld. These debates
> actually *get* somewhere! Seriously, I'm excited about this. :)
>
> Let's pause for a straw poll:
> http://dreeves.wufoo.com/forms/mind-the-gap/
>
>
> --- \/ FROM James W Mickens AT 07.09.04 16:51 (Today) \/ ---
>
>>> And I don't think you clarified what James is saying. He said
>>> that more real wealth to billionaires does directly hurt poor
>>> people. I'd like to hear the chain of causality he has in mind.
>>
>> According to Graham, "wealth is not money. Money is just a
>> convenient way of trading one form of wealth for another. Wealth
>> is the underlying stuff---the goods and services we buy." The
>> underlying stuff, the goods and services, are constrained
>> resources. For example, using a wealth resource in one way often
>> prevents its use in a different way; real estate that is used to
>> build a library can't be used to build a sports stadium. Wealth is
>> also constrained by the rate at which it can be produced. There
>> are a finite number of automobiles that can be produced per month.
>> There are a finite number of hours that doctors can spend treating
>> patients. These figures may improve over time, but they will still
>> be finite. This means that many types of wealth are scarce. Ergo,
>> distribution matters. In particular, skewed wealth distributions
>> directly hurt poor people because there is a finite amount of
>> wealth for everyone to share, and giving a unit of wealth to one
>> person is equivalent to taking it away from someone else. Thus,
>> the Daddy Model of Wealth is not totally broken. Wealth is not
>> money, but many types of wealth *are* constrained by natural limits.
>>
>> A society's wealth can grow over time, but it will never be
>> infinite. Thus, there will never be enough wealth to maximize
>> everyone's utility. But given diminishing utility returns on
>> wealth accumulation, sound public policy should ensure that wealth
>> imbalances do not grow too large.
>>
>> ~j
>>
>
> --
> http://ai.eecs.umich.edu/people/dreeves - - search://"Daniel Reeves"
>
> "Everything that can be invented has been invented."
> -- Charles H. Duell, Commissioner, U.S. Office of Patents, 1899.
>
>
>
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