College Discussion - View Single Post - Are you part of the Gibson-middle class?

UCLAri · 04-22-2008, 10:04 PM

StitchInTime,

Well, to be fair, GDP is zero-sum in the short-run since product is finite. It's in the long-run that we no longer concern ourselves with a constant pie. However, people are, for better or for worse, "stuck" in the short run.

That's why it's troubling that the GINI coefficient in the US is large and growing.

04-22-2008, 10:04 PM	#123
UCLAri Super Moderator Join Date: Apr 2005 Posts: 10,361	StitchInTime, Well, to be fair, GDP is zero-sum in the short-run since product is finite. It's in the long-run that we no longer concern ourselves with a constant pie. However, people are, for better or for worse, "stuck" in the short run. That's why it's troubling that the GINI coefficient in the US is large and growing.