"This labor not only takes lower wages,but accepts a standard of living so low that the American working man cannot compete with it."

VOA: special.2010.05.20

It's important--that's one reason why we want policies that encourage equality of incomes-- not necessarily equality, but reasonable equality-- because the people with very low wealth have a very high marginal utility of income and people with very high wealth have very little.

这非常重要,我们需要通过政策,来引导收入公平的一个原因就是这个,不是绝对的平等,是相对的平等,因为那些低收入的人群,对收出的边际效应相当的高,而高收入人群的则小得多

耶鲁公开课 - 金融市场课程节选