3 ms·
> I'm not rejecting the cantillon effect wholesale, I'm asking for a quantification .. You might as well ask for a quantification of the Matthew Effect [1] ...
by ephbit 5y ago
> I'm not rejecting the cantillon effect wholesale, I'm asking for a quantification ..
You might as well ask for a quantification of the Matthew Effect [1] ... you won't get one. Would it be helpful? Yes, probably.
But more important than having a quantification is, that people register the fact that such effects exist. Depending upon how most people would define fairness, the conclusion from the existence of these effects could then be: there need to be measures taken (taxes, subsidies, ...) so there's some degree of compensation, otherwise society will find itself in an (unnecessarily) instable dynamic.
[1] https://en.wikipedia.org/wiki/Matthew_effect https://en.wikipedia.org/wiki/Matthew_effect