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Justifications For Redistribution: A Critique

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  • Roland Vaubel

Abstract

It is striking that there are so many theoretical justifications of redistribution by government. Is it because each single justification is weak? I review and criticise the various arguments advanced in the literature. The main distinctions are between (a) Paretian justifications asserting that all, including the net payers, benefit from redistribution, (b) theories of justice and (c) utilitarianism. My conclusion is that redistribution ought to be based on Paretian arguments as far as possible and that helping the poor is more likely to maximise the happiness of all than is a general levelling of income differences.

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  • Roland Vaubel, 2018. "Justifications For Redistribution: A Critique," Economic Affairs, Wiley Blackwell, vol. 38(2), pages 166-184, June.
  • Handle: RePEc:bla:ecaffa:v:38:y:2018:i:2:p:166-184
    DOI: 10.1111/ecaf.12295
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    File URL: https://doi.org/10.1111/ecaf.12295
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