Greg Mankiw has an essay forthcoming in the Journal of Economic Perspectives that purports to defend the one percent. Mankiw contrasts the standard “social insurance” view of redistribution with his own “just deserts” theory. He makes a few good points against leftist caricatures of the one percent, such as:
Does redistribution even increase utility?
Does redistribution even increase utility?
Does redistribution even increase utility?
Greg Mankiw has an essay forthcoming in the Journal of Economic Perspectives that purports to defend the one percent. Mankiw contrasts the standard “social insurance” view of redistribution with his own “just deserts” theory. He makes a few good points against leftist caricatures of the one percent, such as: