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The Principle of Merit and the capital-labour split

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  • von Platz, Jeppe

Abstract

Some meritocratic defenders of capitalism rely on the principle that cooperators should receive a share of the product commensurate with their contribution. However, such defences of capitalism fail due to a dilemma. Either they rely on an understanding of contribution that arguably will be reflected by the capital-labour split in suitably idealized capitalist economies, but cannot serve as a plausible standard of merit; or they rely on an interpretation of contribution that is a plausible standard of merit, but which won’t tend to be reflected by the capital-labour split in capitalist economies.

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  • von Platz, Jeppe, 2022. "The Principle of Merit and the capital-labour split," Economics and Philosophy, Cambridge University Press, vol. 38(1), pages 1-23, March.
    • Handle: RePEc:cup:ecnphi:v:38:y:2022:i:1:p:1-23_1
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