Posner and Gates

Max Sawicky sawicky at epinet.org
Thu Dec 2 09:33:53 PST 1999


. . . Yes, Posner's wealth maximization principle at work. The problem with that is it privileges economic efficiency as a value over everything else including especially distributive justice. . .

Don't assume that Posner applies efficiency analysis correctly. I recall a piece done years ago by Thurow taking Posner apart for incompetent application of neo-classical theory.

mbs



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