Inequality of Incomes from Property.

§1. In modern communities, the inequality of incomes from property is generally even greater than the inequality of incomes from work. ¹ Nearly all families derive some income from work, but many derive none, or practically none, from property. The large property-incomes, moreover, are both larger and more numerous than the large work-incomes. The causes of the inequality of incomes from property have received very little direct attention from economists. Professor Cannan’s treatment of this branch of economic theory, in the course of his article on the Division of Income in 1905 ² and in Chapter XI of his Wealth in 1913, though admittedly only brief and preliminary, still holds the field.