THE POLITICAL PHILOSOPHY OF REDISTRIBUTINGN COME

We have just seen how the economy’s income is distributed and have considered some of the problems in interpreting measured inequality. This discussion was positive in the sense that it merely described the world as it is We now turn to the normative question facing policy makers What should the government do about economy inequality This question is not just about economics. Economic analysis alone cannot tell us whether policymakers should try to make our society, more egalitarian. Our views on this question are, to a large extent a matter of political philosophy Yet because the government’s role in redistributing income is central to so many debates over economic policy, here we digress from economic science to consider a bit of political philosophy.

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