Tyler Cowen: The Rich Are Also Different From One Another


Will Truman

Will Truman is the Editor-in-Chief of Ordinary Times. He is also on Twitter.

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2 Responses

  1. Avatar Saul Degraw says:

    This seems to be about barriers to entry. Consulting and finance are likely to be the two industries to only pick employees from HYPS and maybe Chicago. These were the industries that spawned the famous article on how even Cornell and Brown are second-tier.

    Luxury Products are seemingly closer connected to “trades” and have relatively lower barriers to entry. The Fisher family (the Gap empire) started off selling Levi’s near SFState to college students in the late 1960s. A lot of the big fashion houses started off as small seamstress or tailor shops. Selling cars always had an element of the déclassé.

    The same is true in law. The richest lawyers tend to be plaintiff’s lawyers who work on contingency fees. However, this field is usually considered less classy than working for corporations. Jokes on ambulance chasers, etc.

    I am all for questioning the respectability of corporation.Report

  2. For all the talk of Sweden and Austria as relatively egalitarian societies