ckarelis

4 ms·

1. 1.▲
   by ckarelis 15y ago

   From Charles Karelis. To begin with, I don't think the kinds of income transfers from rich to poor that would significantly raise aggregate utility from consumption are in fact politically unfeasible, so I am, as you appreciate, reluctant t
2. 2.▲
   by ckarelis 15y ago

   From Charles Karelis. Surely, as you point out, there is no absolute standard of poverty across different times and places. Nevertheless, the suffering of poor Americans today, some of whose objective circumstances would have qualified them
3. 3.▲
   by ckarelis 15y ago

   From Charles Karelis. Of possible interest, the "lumpy good" rebuttal of my hypothesis is treated in detail in my book. In essence, while there are obviously goods such that sub-threshold quantities have no utility whatever (fewer than four
4. 4.▲
   by ckarelis 15y ago

   From Charles Karelis. This objection is treated in my book. I show that it would take only a small transfer from the richest people in the U.S. to the poorest to relieve their poverty entirely, which would have the greatest positive impact