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9780521005357

Should Differences in Income and Wealth Matter?

by
  • ISBN13:

    9780521005357

  • ISBN10:

    0521005353

  • Format: Paperback
  • Copyright: 2002-01-28
  • Publisher: Cambridge University Press

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Summary

Is there a moral obligation to reduce differences in income and wealth? There is an egalitarian tradition that condemns these differences, particularly as they arise in free-market capitalist society, as unfair or unjust. The opponents of this view argue that the material disparities of capitalist society have been brought about by voluntary mechanisms and thus accord with the freely exercised liberties of its citizens. They conclude that capitalist inequality is not vulnerable to the ethical complaints of its critics. They maintain that the standard of living achieved as a by-product of the marketplace and its inequalities could not be adequately reproduced under egalitarian institutions. The essays in this volume, written by prominent economists, philosophers, and academic lawyers, assess the empirical and theoretical questions raised by inequalities of income and wealth.

Table of Contents

Introduction vii
Acknowledgments xvi
Contributors xvii
Egalitarianism and Welfare-State Redistribution
1(35)
Daniel Shapiro
Does the Welfare State Help the Poor?
36(19)
Tyler Cowen
The Stagnating Fortunes of the Middle Class
55(29)
Edward N. Wolff
Inequality, Incentives, and Opportunity
84(26)
Donald R. Deere
Finis Welch
Misunderstanding Distribution
110(30)
Young Back Choi
Can Anyone Beat the Flat Tax?
140(32)
Richard A. Epstein
Why Justice Requires Transfers to Offset Income and Wealth Inequalities
172(29)
Richard J. Arneson
The Importance of Being Sufficiently Equal
201(24)
James K. Galbraith
Does Inequality Matter-For Its Own Sake?
225(19)
Alan Ryan
Equal Respect and Equal Shares
244(31)
David Schmidtz
Too Much Inequality
275(39)
Richard W. Miller
Equality, Benevolence, and Responsiveness to Agent-Relative Value
314(28)
Eric Mack
How Equality Matters
342(15)
Hillel Steiner
Index 357

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