ABSTRACT

These three papers by Professors Borjas, Bowles, and Brown represent markedly different views of the determinants of the distribution of income. This is to be expected since the distribution of income and wealth is the focus of much of the attack on capitalism. Moreover, the economics of distribution is one of the least developed areas of economic theory. As one reads papers representing three views of distribution economics with virtually no intersection of ideas, one naturally wonders whether or not economics will ever produce any convergence of thought in this area. This comment will discuss each paper in turn and then review the common empirical ground on which convergence should be soughtalthough it would be naive to expect such activity.