Public choice interpretations of distributional preference |
| |
Authors: | Harold M Hochman |
| |
Institution: | (1) Department of Economics, Lafayette College, 18042 Easton, Pa. |
| |
Abstract: | This essay examines, from the perspective of both economics and ethics, the logical foundations of income transfers in a democratic society that allocates resources, in the large, through free markets. Such transfers, enacted through the public choice process, modify the market-determined distribution of income, as a reflection of the distributional preferences of the members of a society. Both constitutional and post-constitutional explanations of redistributions are considered. A discussion of recent experimental evidence of distributional preferences leads into a critique of simple equality, built on Michael Walzer's distinction between monopoly and dominance, as a criterion of distributive justice. |
| |
Keywords: | A1 HQ 13 |
本文献已被 SpringerLink 等数据库收录! |
|