What theory would suggest that a Nobel Prize-winning economist should earn significantly more than other economists?

Question

Quizplus · Accepted Answer

The winner-take-all theory suggests that in certain industries, only a small number of top performers (e.g. Nobel Prize-winning economists) earn the majority of the income, while the vast majority of workers earn very little. This is because their high level of skill and expertise is highly valued and in limited supply.

What Theory Would Suggest That a Nobel Prize-Winning Economist Should