Friedman's theory of income redistribution up after being down for the count

Authors
Citation
M. Brooks, Friedman's theory of income redistribution up after being down for the count, PUBL CHOICE, 99(1-2), 1999, pp. 177-184
Citations number
5
Categorie Soggetti
Politucal Science & public Administration
Journal title
PUBLIC CHOICE
ISSN journal
00485829 → ACNP
Volume
99
Issue
1-2
Year of publication
1999
Pages
177 - 184
Database
ISI
SICI code
0048-5829(199904)99:1-2<177:FTOIRU>2.0.ZU;2-5
Abstract
Many years ago McKenzie set out to expose the hidden assumptions underlying the orthodox case for the collectivization of charity as put forward by Fr iedman. In doing so he argued that collectivization may reduce the degree o f transfers and this will necessarily make the poor worse off. I demonstrat e that McKenzie's analysis contains hidden assumptions of its own and that even if there is a reduction in the level of transfers it does not necessar ily follow that this will result in a Pareto inferior redistribution.