3 ms·
> More egalitarian economists will tend to value the utility of the poor and disadvantaged more than the utility of the wealthy, but fundamentally it’s still ab
by FabHK 7y ago
> More egalitarian economists will tend to value the utility of the poor and disadvantaged more than the utility of the wealthy, but fundamentally it’s still about giving people what they desire.
That's not true, I think. What egalitarian economists would argue is that an extra dollar for the poor and disadvantaged buys a lot more utility than an extra dollar for the wealthy, and therefore (because said economist values their utility equally) extra dollars should go to the poor and disadvantaged.
(Though most economists shy away from interpersonal utility comparisons, which is what gives rise to the concept of pareto optimality.)