Tax the rich! And the poor. But not the way we do it now, nor necessarily for the usual reasons. As an economist pushing his field to grapple with inequality, Wharton’s Benjamin Lockwood may change the way you think about the government’s broadest power.
Simon Patten, who led the Wharton School during the Progressive Era, was a pioneer of the economics of abundance, theorist of the second industrial revolution, and intellectual godfather of the New Deal. His descent into obscurity poses provocative questions about how the field has evolved.