Chapter

Normative Political Economy

Ian Malcolm David Little

in Ethics, Economics, and Politics

Published in print October 2002 | ISBN: 9780199257041
Published online August 2004 | e-ISBN: 9780191601293 | DOI: http://dx.doi.org/10.1093/0199257043.003.0011
 Normative Political Economy

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Government can and should be actively concerned with the relief of poverty. But there is no ethical principle defining the proper distribution of wealth between occupational or other social groups, nor can it be democratically determined in an orderly manner. Distributional coalitions, such as trade unions, employers, and professional associations, must be discouraged, with the distribution of wealth between groups determined by competition. Where politics is dominated by distributional issues, democracy is likely to break down, and often has. The related subjects of rent seeking and corruption are discussed.

Keywords: corruption; democracy; distribution of wealth; distributional coalitions; poverty; rent seeking

Chapter.  2056 words. 

Subjects: Public Economics

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