ECONOMICS: Concentrated Wealth

"The most complete picture ever presented of the division of the national income" is what the National Resources Committee called the report it issued fortnight ago showing that 32% of the nation's family units and individuals had incomes under $750 a year, 47% under $1,000, 69% under $1,500 (TIME, Sept. 12). Last week the Quarterly Journal of Economics published a somewhat supplementary treatise written by an economist as close to Capital as the National Resources Committee is to the New Deal.

Piqued by the saying that there was increased concentration of wealth, Dr. Rufus Stickney Tucker, rumbly-voiced associate economist for General...

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