Problems with supply-side egalitarianism

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)
Categories (categorize this paper)
Options
 Save to my reading list
Follow the author(s)
My bibliography
Export citation
Find it on Scholar
Edit this record
Mark as duplicate
Revision history Request removal from index
 
Download options
PhilPapers Archive


Upload a copy of this paper     Check publisher's policy on self-archival     Papers currently archived: 9,357
External links
  •   Try with proxy.
  • Through your library Only published papers are available at libraries
    References found in this work BETA

    No references found.

    Citations of this work BETA

    No citations found.

    Similar books and articles
    Analytics

    Monthly downloads

    Added to index

    2009-01-28

    Total downloads

    16 ( #85,936 of 1,088,403 )

    Recent downloads (6 months)

    1 ( #69,601 of 1,088,403 )

    How can I increase my downloads?

    My notes
    Sign in to use this feature


    Discussion
    Start a new thread
    Order:
    There  are no threads in this forum
    Nothing in this forum yet.