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How should we make value judgments about wealth inequality? Harsanyi (1953) proposes to take an individual who evaluates her well-being by expected utility and ask her to evaluate the wealth possibilities ex-ante (i.e. before she finds her place in society, i.e., under the "veil of ignorance" of...
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aggregate utility yields an equal income distribution. This alignment of utilitarianism and egalitarianism is obtained for any …
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Utilitarianism can be misplaced or ambiguous. As a prescription for individual behaviour, the injunction to seek the …
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