The problem of identification of efficient economic conditions, arising from the «horizontal» agents’ relationship, is considered. It’s shown that the application of classical concept of market failure is insufficient. The alternative concept of disbalances are examined. The greater...

A leading explanation for why in democratic societies the rich are not taxed more is that meritocratic beliefs breed tolerance for inequality. We problematize this account by claiming that, unlike the rich, the poor support greater redistribution regardless of how meritocratic they perceive...