Brad DeLong — Unjust Deserts

We would have a much clearer discussion of issues of inequality and distribution if we would simply stick to considerations of human wellbeing and useful incentives. The rest is meritocratic ideology; and, as the reception of Piketty’s book suggests, that ideology may now have run its course.

Project Syndicate
Unjust Deserts
J. Bradford DeLong | Professor of Economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research