A common, though by no means universally-accepted doctrine among practitioners of law and economics is that redistribution is no business of the law. This efficiency-only doctrine is not that redistribution is unworthy as a social objective, but that any given benefit to the poor is attainable...

A common, though by no means universally-accepted doctrine among practitioners of law and economics is that redistribution is no business of the law. This efficiency-only doctrine is not that redistribution is unworthy as a social objective, but that any given benefit to the poor is attainable...

Justification of private property may be rights-based or needs-based. One may believe that society with private ownership of a significant part of the means of production is good or just in itself, or one may believe that a society with private ownership of a significant part of the means of...

Personal goods, such as leisure and life expectancy, have no unique market price which is the same for everybody. When personal goods are arguments in the utility fucntion and when everybody's utility function is the same, the valuation of personal goods is higher for rich people than for poor...