Can I read The Tullock-Bastiat hypothesis and Rawlsian distribution strategies on EtoBox?

The Tullock-Bastiat hypothesis and Rawlsian distribution strategies by Lowell Gallaway; Richard Vedder is a Economics, Econometrics and Finance article available to read on EtoBox.

What is The Tullock-Bastiat hypothesis and Rawlsian distribution strategies about?

In an earlier article we, with David Sollars, examined the Tullock-Bastiat hypothesis that there is a 'natural' distribution of income, one which may be altered by governmental policy only to a very limited extent (Vedder, Gallaway and Sollars, 1988). In this essay we will explore some further implications of this finding within the context of John Rawls' analytical framework for dealing with the distributional issue (Rawls, 1971). Rawls has suggested an interesting approach to the problem of what constitutes a 'just' distributional system within a modern society. His conceptualization of an appropriate method of approaching this question is to pose the query, 'What set of outcomes would be preferred by people if, a priori, they had no knowledge of their relative position in the resultant distribution?' This has the effect of drawing a 'veil of ignorance' across the final outcomes of the distributive process, thus shifting the emphasis in people's decision making away from their own special situation towards some consideration of what would be regarded, before the fact, as a 'fair' or 'just' system of distribution. In order to give additional precision to this analysis, Rawls postu

Who reads The Tullock-Bastiat hypothesis and Rawlsian distribution strategies?

Author

Lowell Gallaway; Richard Vedder

Publisher

Springer US; Springer-Verlag; Kluwer Academic Publishers; Springer Science and Business Media LLC (ISSN 0048-5829)

Published

1989

Language

EN

Field

Economics, Econometrics and Finance (Social Sciences)