Income equality : the earliest standard of efficiency -- Equality does not matter : Pareto efficiency and the free market -- The Pareto efficiency cops -- Why redistributing goods may be Pareto efficient after all -- A brief history of the federal income tax -- It is not Pareto efficient : the rich pay too much taxes (or, Laffer's napkin) -- Private goods -- Government-supplied goods -- The classical theory of wages -- The neo-classical theory of wages : John Bates Clark -- The evidence -- The minimum wage -- Theories of wages and the Great Depression -- "Sticky wages " -- "Efficiency wages", or, Why unemployment is the fault of shirking by workers -- Executive compensation.