Publication

Economists and political scientists are in agreement that the middle class is vital to stability and economic growth. Yet what constitutes the 'middle class'? This paper examines the difficulties with defining and allotting a set of virtues to the term. The author concludes that the middle class is not culturally unique, particularly socially progressive, or entrepreneurial. In fact, all they are (as usually defined) is the big block in the middle of some distribution of incomes.