Redistribution and the Efficiency

Journal title STUDI ECONOMICI
Author/s Hans Georg Petersen
Publishing Year 1 Issue 2004/82
Language English Pages 38 P. File size 145 KB
DOI
DOI is like a bar code for intellectual property: to have more infomation click here

Below, you can see the article first page

If you want to buy this article in PDF format, you can do it, following the instructions to buy download credits

Article preview

FrancoAngeli is member of Publishers International Linking Association, Inc (PILA), a not-for-profit association which run the CrossRef service enabling links to and from online scholarly content.

<i> Redistribution and the Efficiency </i> (by Hans Georg Petersen) - ABSTRACT: The trade-off between efficiency and justice is one of the most important political conflicts in democratic societies. However, a clear definition of justice is helpful to come to a social consensus on a quasi-optimal mix of both important societal targets. While justice of ability is fully in accordance with economic efficiency, the justice of needs concept requires a more careful analytical investigation. Justice of needs and combating poverty is always connected with income redistribution; in case of altruism the redistribution often takes place on a voluntary basis, which is obviously positive from a social perspective and even trouble-free for economic efficiency. In case of egoistic sentiments, voluntary redistribution becomes questionable and the state as redistributive agent begins to play an important role. Whereas altruism and egoism overwhelmingly will lead to a societal agreement on anti-poverty strategies, envy as a negative interdependency in between the individual utility functions plays a harmful and dangerous role for a social consensus in democratic societies.

Hans Georg Petersen, Redistribution and the Efficiency in "STUDI ECONOMICI " 82/2004, pp , DOI: