Last Thursday and Friday the Hoover Institution at Stanford hosted a wonderful Conference on Inequality in Memory of Gary Becker. John Raisian and I opened the conference commenting on the appropriateness of both the venue and the topic: Gary spent a great deal of time doing research at Hoover over the years, and he began diagnosing and recommending policy solutions to inequality problems decades ago, long before the current explosion of popular interest.
I recalled his policy advice on the issue two decades ago in a presidential campaign memo: “we have seen income distribution widen in the United States and other countries” and that reflects, he said, “a particular problem with the education and training of those at the lower end of the income distribution.” He advised that “the aim of policy reforms in this field should be to help stimulate economic growth by encouraging better quality and more…
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