Matches in SemOpenAlex for { <https://semopenalex.org/work/W2098338382> ?p ?o ?g. }
- W2098338382 endingPage "1070" @default.
- W2098338382 startingPage "1051" @default.
- W2098338382 abstract "That the market economy inevitably leads to inequality is widely accepted today, with disagreement confined to the desirability of redistributive action, its extent, and the role of government in the process. The canonical text of liberal political economy, Adam Smith's Wealth of Nations, is assumed even in the most progressive interpretations to accept inequality, rationalized as the inevitable trade-off for increasing prosperity compared to less developed but more equal economies. I argue instead that Smith's system, if fully implemented, would not allow steep inequalities to arise. In Smith, profits should be low and labor wages high, legislation in favor of the worker is “always just and equitable,” land should be distributed widely and evenly, inheritance laws liberalized, taxation can be high if it is equitable, and the science of the legislator is necessary to put the system in motion and keep it aligned. Market economies are made in Smith's system. Political theorists and economists have highlighted some of these points, but the counterfactual “what would the distribution of wealth be if all the building blocks were ever in place?” has not been posed. Doing so encourages us to question why steep inequality is accepted as a fact, instead of a pathology that the market economy was not supposed to generate in the first place." @default.
- W2098338382 created "2016-06-24" @default.
- W2098338382 creator A5044529683 @default.
- W2098338382 date "2013-12-01" @default.
- W2098338382 modified "2023-10-16" @default.
- W2098338382 title "The Equalizing Hand: Why Adam Smith Thought the Market Should Produce Wealth Without Steep Inequality" @default.
- W2098338382 cites W1588563877 @default.
- W2098338382 cites W1787944329 @default.
- W2098338382 cites W1819310376 @default.
- W2098338382 cites W1986994270 @default.
- W2098338382 cites W1999603962 @default.
- W2098338382 cites W2008571786 @default.
- W2098338382 cites W2021539534 @default.
- W2098338382 cites W2024593215 @default.
- W2098338382 cites W2032874312 @default.
- W2098338382 cites W2033863171 @default.
- W2098338382 cites W2064053908 @default.
- W2098338382 cites W2065779335 @default.
- W2098338382 cites W2072267381 @default.
- W2098338382 cites W2078564120 @default.
- W2098338382 cites W2121950611 @default.
- W2098338382 cites W2144821447 @default.
- W2098338382 cites W2151844686 @default.
- W2098338382 cites W2158752680 @default.
- W2098338382 cites W2164016691 @default.
- W2098338382 cites W2315760810 @default.
- W2098338382 cites W2318897322 @default.
- W2098338382 cites W2492833455 @default.
- W2098338382 cites W2891246171 @default.
- W2098338382 cites W3000275220 @default.
- W2098338382 cites W3122947389 @default.
- W2098338382 cites W3123412066 @default.
- W2098338382 cites W3124659427 @default.
- W2098338382 cites W3125279831 @default.
- W2098338382 cites W3150602976 @default.
- W2098338382 cites W4213439731 @default.
- W2098338382 cites W4214651540 @default.
- W2098338382 cites W4229589829 @default.
- W2098338382 cites W4230288690 @default.
- W2098338382 cites W4231872540 @default.
- W2098338382 cites W4239756156 @default.
- W2098338382 cites W4241714130 @default.
- W2098338382 cites W4242877154 @default.
- W2098338382 cites W4243078015 @default.
- W2098338382 cites W4246787240 @default.
- W2098338382 cites W4247417050 @default.
- W2098338382 cites W4247895640 @default.
- W2098338382 cites W4255517794 @default.
- W2098338382 cites W4298377943 @default.
- W2098338382 doi "https://doi.org/10.1017/s153759271300282x" @default.
- W2098338382 hasPublicationYear "2013" @default.
- W2098338382 type Work @default.
- W2098338382 sameAs 2098338382 @default.
- W2098338382 citedByCount "46" @default.
- W2098338382 countsByYear W20983383822014 @default.
- W2098338382 countsByYear W20983383822015 @default.
- W2098338382 countsByYear W20983383822016 @default.
- W2098338382 countsByYear W20983383822017 @default.
- W2098338382 countsByYear W20983383822018 @default.
- W2098338382 countsByYear W20983383822019 @default.
- W2098338382 countsByYear W20983383822020 @default.
- W2098338382 countsByYear W20983383822021 @default.
- W2098338382 countsByYear W20983383822023 @default.
- W2098338382 crossrefType "journal-article" @default.
- W2098338382 hasAuthorship W2098338382A5044529683 @default.
- W2098338382 hasConcept C133425853 @default.
- W2098338382 hasConcept C134306372 @default.
- W2098338382 hasConcept C138921699 @default.
- W2098338382 hasConcept C145236788 @default.
- W2098338382 hasConcept C162324750 @default.
- W2098338382 hasConcept C17744445 @default.
- W2098338382 hasConcept C199539241 @default.
- W2098338382 hasConcept C22241219 @default.
- W2098338382 hasConcept C2776554220 @default.
- W2098338382 hasConcept C2777605291 @default.
- W2098338382 hasConcept C33923547 @default.
- W2098338382 hasConcept C34447519 @default.
- W2098338382 hasConcept C45555294 @default.
- W2098338382 hasConcept C50522688 @default.
- W2098338382 hasConcept C513380476 @default.
- W2098338382 hasConcept C94625758 @default.
- W2098338382 hasConceptScore W2098338382C133425853 @default.
- W2098338382 hasConceptScore W2098338382C134306372 @default.
- W2098338382 hasConceptScore W2098338382C138921699 @default.
- W2098338382 hasConceptScore W2098338382C145236788 @default.
- W2098338382 hasConceptScore W2098338382C162324750 @default.
- W2098338382 hasConceptScore W2098338382C17744445 @default.
- W2098338382 hasConceptScore W2098338382C199539241 @default.
- W2098338382 hasConceptScore W2098338382C22241219 @default.
- W2098338382 hasConceptScore W2098338382C2776554220 @default.
- W2098338382 hasConceptScore W2098338382C2777605291 @default.
- W2098338382 hasConceptScore W2098338382C33923547 @default.
- W2098338382 hasConceptScore W2098338382C34447519 @default.
- W2098338382 hasConceptScore W2098338382C45555294 @default.
- W2098338382 hasConceptScore W2098338382C50522688 @default.
- W2098338382 hasConceptScore W2098338382C513380476 @default.
- W2098338382 hasConceptScore W2098338382C94625758 @default.
- W2098338382 hasIssue "4" @default.