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Should We Care About the Rich?

Author

Listed:
  • Elena Granaglia
  • Maria De Paola
  • Giovanni D'Alessio
  • Ruggero Paladini
  • Maurizio Franzini

Abstract

The growth in top incomes occurring in most Oecd countries as from the closing decades of the 20th century is by now well documented, while hard thinking in terms of evaluating the phenomenon appears overdue. Prompted by Franzini Ricchi e poveri. L’Italia e le disuguaglianze (in)accettabili (Egea, Università Bocconi, Milano, 2010), the following contributions discuss some of the main arguments that could be developed from an efficiency and social justice point of view. The principles considered include the internalization of the social costs of wealth, equality of opportunity in acquisition of wealth, and justice in the market game procedures.

Suggested Citation

  • Elena Granaglia & Maria De Paola & Giovanni D'Alessio & Ruggero Paladini & Maurizio Franzini, 2012. "Should We Care About the Rich?," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 2, June.
    • Handle: RePEc:rar:journl:0239
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    More about this item

    Keywords

    Top incomes; Inequality of resources; Efficiency and equity in the market game;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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