Showing 1 - 10 of 18
hierarchical power - the command of subordinates in a hierarchy - is what distinguishes the rich from the poor and capitalists from … workers. Specifically, I hypothesize that individual income increases with hierarchical power, as does the share of individual … extrapolates the CEO data. The results indicate that income tends to increase with hierarchical power, as does the capitalist …
Persistent link: https://www.econbiz.de/10012127049
According to Shimshon Bichler and Jonathan Nitzan capital is not an economic quantity but a mode of power; it could be … sumarized as: "Capital is power quantified in monetary terms". So, what do we do when we "quantify"? What is the nature of … "money" in a capitalist society? And, indeed, what is "power" in the first place? In the following I will try to develop a …
Persistent link: https://www.econbiz.de/10011857704
This paper offers a new approach to the study of capitalist income. Building on the "capital as power" framework, I … hierarchy. In short, I hypothesize that capitalist income stems from hierarchical power. Based on this thinking, I hypothesize … that the capitalist fraction of an individual's income is a gradient function of hierarchical power (which I define as the …
Persistent link: https://www.econbiz.de/10011888765
This paper proposes a new "power theory" of personal income distribution. Contrary to the standard assumption that … income is proportional to productivity, I hypothesize that income is most strongly determined by social power, as indicated … income and power, this paper is the first to quantify this relation. I propose that power can be quantified in terms of the …
Persistent link: https://www.econbiz.de/10011753887
. What makes the rich different, I propose, is hierarchical power. The rich command hierarchies. The poor do not. It is this … evidence from US CEOs. I find that the relative income of CEOs increases with their hierarchical power, as does the capitalist … portion of their income. This suggests that among CEOs, both income size and income class relate to hierarchical power. I then …
Persistent link: https://www.econbiz.de/10011994821
incomes follow a power-law distribution, and the redistribution of income corresponds to a change in the power-law exponent … first developed by Herbert Simon and Harold Lydall, I show that hierarchy can explain the power-law distribution of top …
Persistent link: https://www.econbiz.de/10012650730
building and fortifying power hierarchies - or 'megamachines', as he called them. Controlling these megamachines, Mumford …
Persistent link: https://www.econbiz.de/10012744684
the power-law scaling of top incomes. Moreover, I find that hierarchy can be used to unify the study of personal and …
Persistent link: https://www.econbiz.de/10011817055
What accounts for the growth of US top income inequality? This paper proposes a hierarchical redistribution hypothesis. The idea is that US firms have systematically redistributed income to the top of the corporate hierarchy. I test this hypothesis using a large scale hierarchy model of the US...
Persistent link: https://www.econbiz.de/10011880804
Human capital theory is the dominant approach for understanding personal income distribution. According to this theory, individual income is the result of "human capital". The idea is that human capital makes people more productive, which leads to higher income. But is this really the case? This...
Persistent link: https://www.econbiz.de/10011888770