|Abstract||Samuel Bowles and Herbert Gintis want to redirect egalitarianism away from redistribution of income and toward redistribution of assets, particularly productive assets. <1> Their main reason, apart from the fact that income redistribution is so obviously dead in the political waters, is that income redistribution lowers productivity and competitiveness, while asset redistribution raises these, and in the long run the welfare of the worst-off depends more on increasing productivity than it does on distribution. Compound interest is a wonderful thing. Young workers in an inegalitarian society growing at 5% per year making half the wages of those in an egalitarian society growing at 1/2% per year will catch up in 16 years and by the time of their retirement will have four times the income. Bowles and Gintis argue that such mathematics, which has long been an argument for inegalitarian trickle-down policies, in fact supports egalitarian asset redistributions.|
|Keywords||No keywords specified (fix it)|
|Through your library||Only published papers are available at libraries|
Similar books and articles
Daniel M. Hausman & Matt Sensat Waldren (2012). Egalitarianism Reconsidered. Journal of Moral Philosophy 8 (4):567-586.
Carl Knight (2005). In Defence of Luck Egalitarianism. Res Publica 11 (1):1-10.
Norton Garfinkle (2005). Supply‐Side Vs. Demand‐Side Tax Cuts and U.S. Economic Growth, 1951–2004. Critical Review 17 (3-4):427-448.
Nicole A. Vincent (2006). Equality, Responsibility and Talent Slavery. Imprints 9 (2):118-39.
Hugh LaFollette (1979). Why Libertarianism is Mistaken. In John Arthur & William Shaw (eds.), Justice and Economic Distribution (2nd). Prentice-Hall.
Daniel Shapiro (2002). Egalitarianism and Welfare-State Redistribution. Social Philosophy and Policy 19 (1):1-35.
Alexander W. Cappelen & Bertil Tungodden (2006). Relocating the Responsibility Cut: Should More Responsibility Imply Less Redistribution? Politics, Philosophy and Economics 5 (3):353-362.
Andrew Gamble & Rajiv Prabhakar (2005). Assets and Poverty. Theoria 44 (107):1-18.
Added to index2009-01-28
Total downloads16 ( #74,805 of 551,105 )
Recent downloads (6 months)1 ( #63,341 of 551,105 )
How can I increase my downloads?