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We investigate the properties of a new equity condition, Hammond Equity for the Future (HEF), capturing the following ethical intuition: A sacrifice by the present generation leading to a uniform gain for all future generations cannot lead to a less desirable utility stream if the present...
Persistent link: https://www.econbiz.de/10010284287
This paper has a twofold purpose. It argues firstly, that analysis of income distribution should be a part of the … capability approach. Secondly, it argues that the capability approach is a good theoretical foundation for analysis of income … distribution. The capability approach to human advantage has not hitherto been applied in mainstream analysis of income and wealth …
Persistent link: https://www.econbiz.de/10010284242