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Friedman's theory of income redistribution up after being down for the count

Citation

Brooks, MA, Friedman's theory of income redistribution up after being down for the count, Public Choice, 99, (1-2) pp. 177-184. ISSN 0048-5829 (1999) [Refereed Article]

DOI: doi:10.1023/A:1018353305439

Abstract

Many years ago McKenzie set out to expose the hidden assumptions underlying the orthodox case for the collectivization of charity as put forward by Friedman. In doing so he argued that collectivization may reduce the degree of transfers and this will necessarily make the poor worse off. I demonstrate that McKenzie's analysis contains hidden assumptions of its own and that even if there is a reduction in the level of transfers it does not necessarily follow that this will result in a Pareto inferior redistribution.

Item Details

Item Type:Refereed Article
Research Division:Economics
Research Group:Applied Economics
Research Field:Welfare Economics
Objective Division:Economic Framework
Objective Group:Microeconomics
Objective Field:Microeconomics not elsewhere classified
Author:Brooks, MA (Associate Professor Michael Brooks)
ID Code:17511
Year Published:1999
Deposited By:Economics and Finance
Deposited On:1999-08-01
Last Modified:2000-05-04
Downloads:0

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