The world has become increasingly separated into the haves and have-nots. In The Culture of Contentment, renowned economist John Kenneth Galbraith shows how a contented class—not the privileged few but the socially and economically advantaged majority—defend their comfortable status at a...

By not including a measure of household production in the U.S. GDP, the U.S. economy's performance since the early 1970s compared with the economy's performance since the Civil War has been underestimated. Had household production been incorporated into the U.S. measures, the source of the...

In an analysis of US wages and salaries by sex, age and educational attainment between 1969 and 2008, we find that median wages and salaries of males with no more than a high school diploma have fallen over more than four decades for all but the oldest age group, which made only marginal gains....