“With regards to income distribution, Von Mises made the case that it
is a flawed concept. We do not produce something and then distribute
the income generated by it. The distribution of that income is already
decided, agreed and precedes production. And that product gets made
precisely because of and not in spite of, that agreed income distribution.”
- Martin Sibileau, from his post “What Is Economic Growth? (And Why Don't We Have Any)”
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Tuesday, April 8, 2014
Quote on the Day, 1: On Income Distribution
1 comment:
We welcome thoughtful disagreement.
But we do (ir)regularly moderate comments -- and we *will* delete any with insulting or abusive language. Or if they're just inane. It’s okay to disagree, but pretend you’re having a drink in the living room with the person you’re disagreeing with. This includes me.
PS: Have the honesty and courage to use your real name. That gives added weight to any opinion.
Or it does not get made -- if the income distribution seems unfavourable. A profound & powerful insight - quite obvious when you think about it, duh.
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