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- Title
Inequality, new directions: full ethical foundation and consequences.
- Authors
Kolm, Serge-Christophe
- Abstract
Deriving comparisons and measures of inequality from full ethical foundations was a main innovation of the 1960s and pursuing it is still a most fruitful direction. This implies using 'equal equivalents' and some principles particularly rich in meanings. Multidimensional inequalities can be measured and compared thanks to the 'equal-equivalent manifolds'. The 'equal-equivalent utility function' defines individual 'welfare' cleaned of differences in sui generis individual tastes and hedonic capacities deemed irrelevant for 'macrojustice'. Then, equal allocation is a deeper end-value than equal welfare but has to be complemented by free choice for freedom, Pareto efficiency and a demanded partial self-ownership. The result is the richly multi-meaning 'equal-labour income equalization'.
- Subjects
EQUALITY; ETHICS; JUSTICE; LIBERTY; INCOME
- Publication
Journal of Economic Inequality, 2011, Vol 9, Issue 3, p329
- ISSN
1569-1721
- Publication type
Article
- DOI
10.1007/s10888-011-9182-3