A Brief History of (Re)Distribution

(Re)distribution.

Mitt Romney is willing to go straight to the heart of issues that politicians usually avoid. Whether you agree or disagree with him, he’s helping us understand.

Economics is the study of the distribution of scarce resources. (I think that’s a valid statement.)

Isn’t it always about distribution?

Isn’t all of history about distribution? The distribution of scarce resources, of wealth, of power. Who owns what? Who has a right to what?

Aren’t most wars fought to redistribute land, wealth, and power? Land and the resources on or under the land are the fundamental scarce resources.

Continue reading