John Rawls is a philosopher famous for his maxi-min principle, which states that society should maximize the

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John Rawls is a philosopher famous for his “maxi-min” principle, which states that society should maximize the position of the people with the mini-mum amount of goods, and not focus only on the level of inequality. For instance, Rawls would favor a society in which the bottom 10 percent earn $30,000 per year and the top 10 percent earn $2 million over a society in which the bottom 10 percent earn $28,000 per year and the top 10 percent earn $40,000 per year. Drawing on the trade-off between equity and efficiency, explain whether Rawls would favor (a) redistribution that limits growth but creates equality or (b) economic development that encourages growth but creates inequality.
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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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