Equality, Moral Incentives, and the Market

Equality, Moral Incentives, and the Market

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The book argues that by relying on moral incentives it is possible, in principle, to separate the organizational advantages of the market from its distributional disadvantages. In theory, we can imagine a politico-economic system that distributes income equally (or on some other principle) but has all the efficiency characteristics of a capitalist market system. This shows that the market can provide an institutional mechanism for realizing ideals of distributive justice. The book provides a theoretical model of the system, identifying its requirements. It then offers arguments from empirical social science about why the model should work under appropriate conditions.An Essay in Utopian Politico-Economic Theory Joseph H. Carens. Prerequisites for the sixth, ninth, and tenth logically necessary prerequisites to be met in the real world. This leaves four logically necessary prerequisites (4, 5, 7 and 8) foranbsp;...

Title:Equality, Moral Incentives, and the Market
Author:Joseph H. Carens
Publisher:Joseph H. Carens - 1981-01-01


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