What Distribution Principle Would you Choose Behind a Veil of Ignorance?

In his book, ‘A Theory of Justice’, John Rawls considered what principles of justice would be agreed upon by all behind a veil of ignorance in which no one knows their place in society – their wealth, their class position or social status, their intelligence, strength, state of health etc. One of the principles . . . → Read More: What Distribution Principle Would you Choose Behind a Veil of Ignorance?

Will History Judge Marx to Have Been Right About the Effects of Technological Progress on Income Distribution?

‘The instrument of labour, when it takes the form of a machine, immediately becomes a competitor of the workman himself. … That portion of the working-class, thus by machinery rendered superfluous, i.e., no longer immediately necessary for the self-expansion of capital, either goes to the wall in the unequal contest of the old handicrafts . . . → Read More: Will History Judge Marx to Have Been Right About the Effects of Technological Progress on Income Distribution?

How Silly Were J.S. Mill’s Views About Income Distribution?

J S Mill wrote: “The laws and conditions of the Production of wealth partake of the character of physical truths. There is nothing optional or arbitrary in them. … It is not so with the Distribution of wealth. That is a matter of human institution solely. The things once there, mankind, individually or collectively, . . . → Read More: How Silly Were J.S. Mill’s Views About Income Distribution?

Does Nicole Kidman Worsen Income Inequality in the United States?

In his recent paper, “Thinking clearly about economic inequality”, Will Wilkinson – a research fellow at the Cato Institute in the U.S. (and prominent blogger)- mentions some reasons why Nicole Kidman is wealthy. He states: “Nicole Kidman is fabulously wealthy because millions of individuals have chosen to see a movie with Nicole Kidman in . . . → Read More: Does Nicole Kidman Worsen Income Inequality in the United States?