WebMay 26, 2024 · Socialism, Capitalism, And Income. A study of inequality, incentives and economic transitions. Tuesday, May 26, 2024 8 min read By: Edward Paul Lazear. Editor’s Note: This is an edited excerpt from a longer essay by Mr. Lazear, published by the Hoover Institution as part of a new initiative, "Socialism and Free-Market Capitalism: The Human ... WebThe Davis-Moore thesis does not explain, he argued, why a media personality with little education or talent becomes famous and rich on a television show or politically successful on the campaign trail. The thesis also does not explain inequalities in the education system or inequalities due to race or gender.
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