Does Egalitarianism Have a Future?
AbstractThe fall of Communism, the reassessment of Nordic social democracy, belt-tightening in other advanced welfare states, and the worldwide privatization wave have led many to conclude that egalitarianism is a merely utopian ideal, the possibility of whose realization is laid to rest by the failure of a series of twentieth-century social experiments. We survey the evidence, both empirical and theoretical, and conclude that obituaries are premature. Key theoretical errors in the design of egalitarian experiments, and in some critiques of pro-egalitarian policies, concern the role of information asymmetries, and we argue that their proper understanding re-opens possibilities for increasing equality without unacceptable sacrifices in efficiency.
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Bibliographic InfoArticle provided by American Economic Association in its journal Journal of Economic Literature.
Volume (Year): 36 (1998)
Issue (Month): 2 (June)
Other versions of this item:
- Louis Putterman & John E. Roemer & Joaquim Silvestre, . "Does Egalitarianism Have A Future?," Department of Economics 96-09, California Davis - Department of Economics.
- Giacomo Bonanno & John Roemer & Louis Putterman & Wen Hai & Shunli Yao, 2003. "Does Egalitarianism Have a Future?," Working Papers 969, University of California, Davis, Department of Economics.
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