Access

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

The Surplus Theory of Social Stratification and the Size Distribution of Personal Wealth

John Angle
Social Forces
Vol. 65, No. 2 (Dec., 1986), pp. 293-326
Published by: Oxford University Press
DOI: 10.2307/2578675
Stable URL: http://www.jstor.org/stable/2578675
Page Count: 34
  • Download ($42.00)
  • Subscribe ($19.50)
  • Cite this Item
The Surplus Theory of Social Stratification and the Size Distribution of Personal Wealth
Preview not available

Abstract

The Surplus Theory of Social Stratification explains inequality of wealth in terms of (1) the fugitivity of wealth not needed to sustain the production of more wealth, (2) the tendency of wealth to flow into the hands of those who are already disproportionately wealthy, and (3) the ability of workers in an industrial society to retain a greater share of the wealth they produce than workers in societies with more primitive technologies. Size distributions of wealth from societies at different levels of technology can be fitted by a family of gamma distributions, whose shape parameter is related to a society's level of technology. The Surplus Theory implies a stochastic process that generates gamma-like distributions. Analysis of this process, the Inequality Process, explains many facts about size distributions of personal wealth.

Page Thumbnails

  • Thumbnail: Page 
293
    293
  • Thumbnail: Page 
294
    294
  • Thumbnail: Page 
295
    295
  • Thumbnail: Page 
296
    296
  • Thumbnail: Page 
297
    297
  • Thumbnail: Page 
298
    298
  • Thumbnail: Page 
299
    299
  • Thumbnail: Page 
300
    300
  • Thumbnail: Page 
301
    301
  • Thumbnail: Page 
302
    302
  • Thumbnail: Page 
303
    303
  • Thumbnail: Page 
304
    304
  • Thumbnail: Page 
305
    305
  • Thumbnail: Page 
306
    306
  • Thumbnail: Page 
307
    307
  • Thumbnail: Page 
308
    308
  • Thumbnail: Page 
309
    309
  • Thumbnail: Page 
310
    310
  • Thumbnail: Page 
311
    311
  • Thumbnail: Page 
312
    312
  • Thumbnail: Page 
313
    313
  • Thumbnail: Page 
314
    314
  • Thumbnail: Page 
315
    315
  • Thumbnail: Page 
316
    316
  • Thumbnail: Page 
317
    317
  • Thumbnail: Page 
318
    318
  • Thumbnail: Page 
319
    319
  • Thumbnail: Page 
320
    320
  • Thumbnail: Page 
321
    321
  • Thumbnail: Page 
322
    322
  • Thumbnail: Page 
323
    323
  • Thumbnail: Page 
324
    324
  • Thumbnail: Page 
325
    325
  • Thumbnail: Page 
326
    326