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Public choice interpretations of distributional preference

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  • Harold Hochman

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

Suggested Citation

  • Harold Hochman, 1996. "Public choice interpretations of distributional preference," Constitutional Political Economy, Springer, vol. 7(1), pages 3-20, March.
    • Handle: RePEc:kap:copoec:v:7:y:1996:i:1:p:3-20
    DOI: 10.1007/BF00143476
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    References listed on IDEAS

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    1. Sen, Amartya Kumar, 1970. "The Impossibility of a Paretian Liberal," Scholarly Articles 3612779, Harvard University Department of Economics.
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    6. Hochman, Harold M, 1972. "Individual Preferences and Distributional Adjustments," American Economic Review, American Economic Association, vol. 62(2), pages 353-360, May.
    7. Hochman, Harold M. & Nitzan, Shmuel, 1985. "Concepts of extended preference," Journal of Economic Behavior & Organization, Elsevier, vol. 6(2), pages 161-176, June.
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    • A1 - General Economics and Teaching - - General Economics

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