Economics and Philosophy 38 (1):1-23 (2022)
AbstractSome 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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Collective Choice and Social Welfare: An Expanded Edition.Amartya Sen - 2017 - Harvard University Press.
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