Background facts / James Piereson -- The broad-based rise in return to top talent / Joshua D. Rauh -- The economic determinants of top income inequality / Charles I. Jones -- Intergenerational mobility and income inequality / Jörg L. Spenkuch -- The effects of redistribution policies on growth...

"As an economist and a public intellectual, Gary Becker was a giant. He won a Nobel Prize for his groundbreaking work in human capital, the John Bates Clark Medal as the best American economist under 40, and the Presidential Medal of Freedom for his contributions to public life and welfare. He...

We provide a model for analyzing effects of the tax system and spending programs on the determination of government spending and taxpayer welfare and show that tax system or spending program which is suboptimal from a Ramsey point of view can improve taxpayer welfare because the system creates...