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2. J. Hills, Inequality and the State, Oxford, 2004.

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4. The Guardian, 11 September 2001.

5. The Guardian, 10 November 2004.

6. Incomes Data Services, Directors Pay Report 917, November 2004, <www.incomesdata.co.uk/impr/dirpress.htm>.

7. The Guardian, 27 August 2004.

8. Providence Journal, 14 March 2001.

9. The Guardian, 18 September 2002.

10. The Guardian, 6 August 2003.

11. The Economist, 9 October 2003.

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13. The Guardian, 6 August 2003.

14. The Guardian, 12 December 2004.

15. The Guardian, 26 July 2001.

16. R. Khurana, Searching for a Corporate Saviour. The Irrational Quest for Charismatic CEOs, Princeton, 2002.

17. I. Ertuk, J. Froud, S. Johal and K. Williams, ‘Pay for Corporate Performance or Pay as Social Division: Rethinking the Problems of Top Management in Giant Corporations’, Competition and Change, Vol. 9, No. 1, 2005, 49–74.

18. W. Woodworth, ‘The Scandalous Pay of the Corporate Elite’, Business and Society Review, Vol. 61, 1987, p. 22.

19. R. Boyer, The Future of Economic Growth: New becomes Old, Cheltenham, 2004.

20. The Economist, 9 October 2003.

21. J. Johnson, ‘US CEO Pay Continues Upward Spiral in 2002’, <www.wsws.org/articles/2003/ceo-j03prn.shtml> 2003.

22. R. Boyer, ‘From Shareholder Value to CEO Power: The Paradox of the 90s’, < cepremap.ens.fr∼boyer>, 2004.

23. Ertuk et al., op. cit.

24. The Guardian, 24 September 2003.

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27. A. Hacker, Money: Who Has Too Much and Why, New York, 1997, pp. 55–6.

28. Pizzigati, Greed and Good, op. cit., p. 492.

29. H. E. Daly, Beyond Growth, Boston, 1996, p. 210.

30. The Guardian, 22 November 2002.

31. R. H. Frank, Luxury Fever: Why Money Fails to Satisfy in an Era of Excess, New York, 1991, p. 231.

32. The Guardian, 26 July 2001.

33. The Guardian, 20 August 2001.

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35. L. Putterman, J. E. Roemer and J. Silvestre, ‘Does Egalitarianism Have a Future?’, Journal of Economic Literature, Vol. 36, 1998, pp. 876–7.

36. A. Goolsbee, ‘What Happens when you Tax the Rich? Evidence from Executive Compensation’, Journal of Political Economy, Vol. 108, No. 2, 2000, pp. 352–78.

37. A. Glyn and D. Milliband (eds), Paying for Inequality: The Economic Cost of Social Justice, London, 1994: C. Garrison and F. Y. Lee, ‘Taxation, Aggregate Activity and Growth’, Economic Inquiry, Vol. 20, 1992, pp. 172–6; T. Persson and G. Tabellini, ‘Growth, Distribution and Politics’, in A. Cuckierman, Z. Hercowitz and L. Leiderman (eds), Political Economy. Growth and Business Cycles, Cambridge, 1992, pp. 23–50.

38. D. Corry and A. Glyn, ‘The Macroeconomics of Equality, Stability and Growth’, in A. Glyn and D. Milliband (eds), Paying for Inequality: The Economic Cost of Social Justice, London, 1994, pp. 205–16.

39. Goolsbee, op. cit.

40. N. Isles, Life at the Top. The Labour Market for FTSE-250 Chief Executives, 2005, <www.theworkfoundation.com/pdf/Life_ar_the_top.pdf>.

41. Khurana, op. cit.

42. G. A. Cohen, ‘Incentives, Inequality and Community’, in G. B. Peterson (ed.), The Tanner Lectures on Human Values, Vol. 14, Salt Lake City, 1993, pp. 262–329; idem, ‘The Pareto Argument for Inequality’, Social Philosophy and Policy, Vol. 12, 1995, pp. 160–85; ‘Where the Action Is: On the Site of Distributive Justice’, Philosophy and Public Affairs, Vol. 26, No. 1, 1997, pp. 3–30.

43. J. H. Carens, ‘Rights and Duties in an Egalitarian Society’, Political Theory, Vol. 14, 1986, pp. 31–49.

44. D. Card and A. B. Kreuger, Myth and Measurement: The New Economics of the Minimum Wage, Princeton, 1995.

45. S. White, The Civic Minimum, Oxford, 2003, p. 219.

46. National Centre for Social Research, British Social Attitudes, London, 2004.

47. Inland Revenue, Income Tax Liabilities by Income Range, <www.hmrc.go.uk/stats/incometax/table2-5.pdf>.

48. M. Wakefield, Is Middle Britain Middle-income Britain?, Institute for Fiscal Studies Briefing Notes BN38, September 2003.

49. Incomes Data Services, op. cit.