After the fierce class struggles in the first postwar years, a societal model describing Japan as a general middle-class society with outstanding equality in opportunities and outcome became dominant. In recent years, a new societal model of Japan as a divided society has replaced this general...

A democracy left untended -- The equal protection clause ensures -- Placebocracy is democracy's bastard -- Capitalism is the only economic system -- The US does not have a Free Market Economy -- Corporate welfare And protectionism are -- I'll believe In Free Trade Agreements when -- The problems...

This paper updates and extends my earlier work, published in the Journal of Economic Issues, on how the middle class fares throughout the world. My 2007 paper provided a definition of the middle class as well as estimates of the size of the middle class in several nations. It argued that the...

Our objective in this paper is to assess how middle-income groups are faring with the global turn to the market. We suggest some simple measures of the middle-the size and income shares of households around the median (75/125%)-and their income status relative to wealthier counterparts. Our...

Did the US middle class benefit from the 1990s economic boom? Did this halt or reverse a middle class decline from the previous decade or more? Is a shrinking middle class strictly a US phenomenon with domestic causes, or is a problem that has plagued most of the world economy? This paper will...