of our people.”
“the academic and business communities”
Irving Kristol, “On Corporate Philanthropy,”
“programs and policies, such as social security”
Mac Donald, “The Billions of Dollars That Made Things Worse.”
the five largest papers
Clifford Marks, “In Media Coverage, Deficit Eclipses Unemployment,”
“It just doesn’t make sense for people”
David Burt, “Grad School Scrutinized,”
“as bank robber Willie Sutton”
Drew Gilpin Faust, “Baccalaureate Address to the Class of 2008,” Cambridge, MA, June 3, 2008.
“we love Greg Mankiw”
Allison Gofman, “Walking Out on Results,”
“My first reaction was nostalgia”
N. Gregory Mankiw, “Know What You’re Protesting,”
The only four fields
Professor salary figures come from the Chronicle of Higher Education’s
August 21, 2011.
Even as they cash their speaking fees
Emily Flitter, Kristina Cooke, and Pedro da Costa, “Special Report: For Some Professors, Disclosure Is Academic,” Reuters, December 20, 2010.
Winner-Take-All Politics
A big hat tip here to Jacob Hacker!
an increasing number of politicians are members
Eric Lichtblau, “Economic Downturn Took a Detour at Capitol Hill,”
One academic study has suggested that serving in Washington
Alan J. Ziobrowski, James W. Boyd, Ping Cheng, and Brigitte J. Ziobrowski, “Abnormal Returns from the Common Stock Investments of Members of the U.S. House of Representatives,”
13:1 (2011).
But a different study by LSE and MIT researchers challenged
Andrew Eggers and Jens Hainmueller, “Capitol Losses: The Mediocre Performance of Congressional Stock Portfolios, 2004–2008,” MIT Political Science Department Research Paper No. 2011-5, December 2, 2011.
Between 2000 and 2007 the Clintons earned $111 million
Kenneth P. Vogel, “Tax Returns Show How Clintons Got Rich Quick,”
, April 4, 2008.
Tom Daschle, the former Democratic Senate majority leader
David D. Kirkpatrick, “In Daschle’s Tax Woes, a Peek into Washington,”
senators were 50 percent Larry Bartels, “Economic Inequality and Political Representation,” in
You could see the power of these networks Richard Teitelbaum, “How Paulson Gave Hedge Funds Advance Word of Fannie Mae Rescue,” Bloomberg News, November 29, 2011.
“The proportion of people with training and experience in finance” Zingales, “Capitalism After the Crisis.”
“It turns out that if I pay” CF interviews with Dan Ariely, December 2010 and January 2011.
“We are deeply social animals” “Working Wealthy Predominate the New Global Elite,”
“‘Yes, he would give them’” Jane Austen,
CONCLUSION
“We may have democracy”
“The society that puts equality”
Milton Friedman, “Free to Choose,” PBS, 1980.
The story of Venice’s rise and fall
Daron Acemoglu and James A. Robinson,
(Crown, 2012), pp. 152–56.
“There’s a lot of anger in society because of what the government did”
CF interview with Eric Schmidt, February 23, 2011.
“It’s probably true that some activities are truly creative”
CF interview with Emmanuel Saez, February 24, 2011.
“A truly great business”
Warren Buffett, Berkshire Hathaway Inc. 2007 Annual Report, February 29, 2008.
Great Gatsby Curve
“The Rise and Consequences of Inequality in the United States.”
statistics have shown
See Thomas B. Edsall, “The Reproduction of Privilege,”
blog, March 12, 2012.
worth more than $4 million
See Felix Salmon, “Simmons Leaves Goldman’s Board,” Reuters, February 13, 2010.
whether the legacy system
For a good exploration of this topic, see Elyse Ashburn, “At Elite Colleges, Legacy Status May Count More Than Was Previously Thought,”
“Since, by the Grace of God”
Roger Crowley,
(Random House, 2012), p. xxviii.
BIBLIOGRAPHY
