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CSEF - Center for Studies in Economics and Finance

Morality, Economic Inequality, and Policy Responces

17 May
by Salvatore Morelli, Dissertation Reviews

Continued interactions among human beings within complex societal structures may lead to varying distributions of economic resources. A shared vision of justice, which is in turn shaped by human repeated interactions, can justify potentially wide divisions in the society among the well-to-do and the relatively less fortunate. In other words, the resulting unequal outcomes may be acceptable for society, even if perceived as discomforting and distressing to many, for they may be deemed just and equitable to the majority. If inequalities are deserved, the source of ever increasing inequality is posited on strong moral grounds and as such may not necessarily require any corrective intervention.