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THE IMPORTANCE OF BEING SUFFICIENTLY EQUAL

Published online by Cambridge University Press:  16 August 2002

James K. Galbraith
James K. Galbraith
Affiliation:
Lyndon B. Johnson School of Public Affairs, University of Texas at Austin
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Extract

Neither income nor wealth should be too highly unequal. But there is a fundamental distinction between pay for work and the ownership of capital assets. The reasons to moderate these inequalities therefore differ, and the arguments are best considered separately.

Type
Research Article
Information
Social Philosophy and Policy , Volume 19 , Issue 1 , January 2002 , pp. 201 - 224
Copyright
© 2002 Social Philosophy and Policy Foundation

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