Neoclassical Logic

[Brad DeLong]

>
>So, when social democracy (and a better distribution of wealth) is 
>possible in the future, does that mean our markets won't function in 
>equilibrium? When did market equilibria alone start determining 
>wealth distributions?

I would put it the other way around. If you are happy with the (after 
tax) distribution of income and wealth, then you will be pretty happy 
with the market equilibrium allocation of resources and goods...

Brad DeLong