social welfarepublic goodsI critically consider four purported economic-efficiency arguments for egalitarian redistribution of income or wealth. (1) Jeremy Bentham's "greatest aggregatedoi:10.2139/ssrn.2686423Lawrence H. WhiteSSRN Electronic Journal
What share of U.S. total income in 2010 consisted of wages and salary? What is the difference between income and wealth? Give an example of each. What is money distribution? What is redistribution? What is a commodity? What is the revenue model of India?
What is redistribution? What is seigniorage? What is re-securitization? What is price regulation? What is importing? What is Capitalism Communism? What is regulatory capture? What is an externality? What is it that the entrepreneur does?
Economic definitions of middle class often rely on arbitrary boundaries defined by measures of central tendency, quantiles of the distribution or absolute thresholds based on a measurable characteristic, such as income or consumption.1In practice, there is little agreement on what and how big the mid...
An immense gift to that class of people, coming at the end of a 40-year period of massive redistribution of wealth, from the bottom and the middle, to the top. The logical argument would be, excuse me, that a tax cut at that time for those people was less needed than...
A widespread eastern Indian farmers' practice provides an example: beusani combines direct dry seeded rice, wet plowing at 20–35 days after emergence, laddering, and seedling redistribution as a set of techniques to loosen soils, thin seedlings and improve tillering, control weeds, and optimize ...
Unlike corporate finance, which is relatively cut-and-dried in the way money is handled, public finance involves a redistribution of income that is dealt with far differently in some countries than it is in others. The United States, for example, does not have in place some of the larger ...
What does it mean when the marginal utility per dollar spent is equal for two goods?Marginal Utility:In economics, marginal utility refers to the additional benefit or satisfaction obtained when an individual consumes an additional unit of the same product. Economists use it ...
Relating to economics, define capitalism. Can you explain how redistribution can help economic growth? What are some futurist economic theories? What does marginal theory assume in economics? What economic policies does Thomas Piketty support? What are the differences between classical theory and what ...
The Robin Hood effect is the redistribution of wealth from the rich to the poor. The Robin Hood effect can be caused by a large variety of government interventions or normal economic activity. Because of differences in spending and investment at different incomes, fiscal policy can have a Robin...