Saving for Justice Gardner, Roy
dc.contributor.department Economics 2018-02-16T08:26:06.000 2020-06-30T02:09:31Z 2020-06-30T02:09:31Z 2015-04-29 1979
dc.description.abstract <p>One of the central issues of welfare macroeconomics is, How much ought I a nation to save? The classic answer of Ramsey [11], that savings is optimal if it maximizes the integral of utility over time subject to the national income constraint, has guided research in the area for half a century. Recently this dominion of utilitarianism has come under scrutiny. Mirrlees, for instance, has shown how Ramsey's rule breaks down in the presence of technical change and population growth. Moreover, if the scope of the question is not merely efficiency but also justice, the whole framework of utility maximization may be indefensible. Thus, Rawls in his theory of justice remarks!</p>
dc.identifier archive/
dc.identifier.articleid 1064
dc.identifier.contextkey 7046869
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath econ_las_staffpapers/118
dc.source.bitstream archive/|||Fri Jan 14 18:58:27 UTC 2022
dc.subject.disciplines Economic History
dc.subject.disciplines Economic Theory
dc.subject.disciplines Income Distribution
dc.subject.disciplines Taxation
dc.title Saving for Justice
dc.type article
dc.type.genre report
dspace.entity.type Publication
relation.isOrgUnitOfPublication 4c5aa914-a84a-4951-ab5f-3f60f4b65b3d
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