This chapter considers the history of theories of income distribution, from the time of Adam Smith until the 1970s. It is divided into two main parts. Part I considers the positive theory of income distribution, beginning with the classical economists’ analysis of the functional distribution...

1. Moral rhetoric and political economy -- 2. Sympathy and justice in Theory of moral sentiments -- 3. Sympathy and moral horizons in Wealth of nations -- 4. The subordination of distributive justice in Milton Friedman's Capitalism and freedom -- 5. The materialization of distributive justice --...

La 4e de couverture indique : "Qu'est-ce que ce juste prix que l'on trouve sur les étiquettes de bouteilles de lait, dans la bouche des agriculteurs comme dans celle des théoriciens du marché libre ? Une expression très ancienne, dont l'histoire est longue et mouvementée et dont le sens...

Intro -- Contents -- Foreword -- Acknowledgments -- Chapter 1. Hayek, Marx, and Socialism -- Chapter 2. Hayek's Postmodern Economics -- Chapter 3. Hayek's Theory of the Common Good: Social Evolution, Law, and Justice -- Chapter 4. Recasting Hayek's Good Society: The Non-Neutrality of the Law and...

'There is no alternative' has been the unofficial mantra of the neoliberal order since its utterance by Margaret Thatcher in the 1980s. As Derek Wall argues in Economics After Capitalism, there is in fact an alternative to our crisis-ridden, austerity-inflicted world and not just one...