The Principle of Merit and the capital-labour split

Economics and Philosophy 38 (1):1-23 (2022)


Some meritocratic defenders of capitalism rely on the principle that cooperators should receive a share of the product commensurate with their contribution. However, such defences of capitalism fail due to a dilemma. Either they rely on an understanding of contribution that arguably will be reflected by the capital-labour split in suitably idealized capitalist economies, but cannot serve as a plausible standard of merit; or they rely on an interpretation of contribution that is a plausible standard of merit, but which won’t tend to be reflected by the capital-labour split in capitalist economies.

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Jeppe von Platz
University of Richmond

References found in this work

Rescuing Justice and Equality.G. A. Cohen (ed.) - 2008 - Harvard University Press.
Capitalism and Freedom.Milton Friedman - 1962 - Ethics 74 (1):70-72.
Principles of Social Justice.David Miller - 2002 - Political Theory 30 (5):754-759.
Principles of Social Justice.David Miller - 2002 - Philosophical Quarterly 52 (207):274-276.

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