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Public choice interpretations of distributional preference

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  • Harold Hochman
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    Abstract

    This essay examines, from the perspective of both economics and ethics, the logical foundations of income transfers in a democratic society that allocates resources, in the large, through free markets. Such transfers, enacted through the public choice process, modify the market-determined distribution of income, as a reflection of the distributional preferences of the members of a society. Both constitutional and post-constitutional explanations of redistributions are considered. A discussion of recent experimental evidence of distributional preferences leads into a critique of simple equality, built on Michael Walzer's distinction between monopoly and dominance, as a criterion of distributive justice. Copyright Kluwer Academic Publishers 1996

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    File URL: http://hdl.handle.net/10.1007/BF00143476
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    Bibliographic Info

    Article provided by Springer in its journal Constitutional Political Economy.

    Volume (Year): 7 (1996)
    Issue (Month): 1 (March)
    Pages: 3-20

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    Handle: RePEc:kap:copoec:v:7:y:1996:i:1:p:3-20

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    Web page: http://www.springerlink.com/link.asp?id=102866

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    Keywords: A1; HQ; 13;

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    1. von Furstenberg, George M & Mueller, Dennis C, 1971. "The Pareto Optimal Approach to Income Redistribution: A Fiscal Application," American Economic Review, American Economic Association, vol. 61(4), pages 628-37, September.
    2. Hochman, Harold M, 1972. "Individual Preferences and Distributional Adjustments," American Economic Review, American Economic Association, vol. 62(2), pages 353-60, May.
    3. Hochman, Harold M. & Nitzan, Shmuel, 1985. "Concepts of extended preference," Journal of Economic Behavior & Organization, Elsevier, vol. 6(2), pages 161-176, June.
    4. Sen, Amartya, 1970. "The Impossibility of a Paretian Liberal," Journal of Political Economy, University of Chicago Press, vol. 78(1), pages 152-57, Jan.-Feb..
    5. Sen, Amartya Kumar, 1970. "The Impossibility of a Paretian Liberal," Scholarly Articles 3612779, Harvard University Department of Economics.
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