Edward Peter Stringham

Decrying Income Inequality Is a Tactic to Gain More Power for Government

by Edward Peter Stringham | Dec 2, 2019 | Economics, Featured Articles, Libertarianism, Politics

The 2020 presidential field is saturated with candidates decrying wealth inequality and making the argument to soak the rich. One front-runner, for instance, is constantly denouncing “the millionaires and the billionaires.” Ominously, a New York Times poll found that two-thirds of Americans believe that “wealth in this country should be more evenly distributed among more people.” Now, it is true that, in America, the top 1% owns 42% of the wealth, and the top 0.1% owns as much as the bottom 90 percent, so it’s easy to see how many Americans don’t think capitalism is working for them....

Edward Peter Stringham is the Davis Professor of Economic Organizations and Innovation at Trinity College, and Editor of the Journal of Private Enterprise. He is editor of two books and author of more than 70 journal articles, book chapters, and policy studies. His work has been discussed in 15 of the top 20 newspapers in the United States and on more than 100 broadcast stations including MTV. Stringham is a frequent guest on BBC World, Bloomberg Television, CNBC, and Fox. Rise Global ranks Stringham as one of the top 100 most influential economists in the world. He earned his B.A. from College of the Holy Cross in 1997, his Ph.D. from George Mason University in 2002. His book, Private Governance: Creating Order in Economic and Social Life, is published by Oxford University Press.

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