“Now a value judgment on the distribution of income would show the required impersonality to the highest degree if the person who made this judgment had to choose a particular income distribution in complete ignorance of what his own relative position… would be within the system chosen. This would be the case if he had exactly the same chance of obtaining the ﬁrst position (corresponding to the highest income) or the second or the third, etc. up to the last position (corresponding to the lowest income) available within that scheme.”

— John Harsanyi

Harsanyi, J. C. (1953). "Cardinal Utility in Welfare Economics and in the Theory of Risk-taking". J. Polit. Economy 61 (5): 434–5.

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Now a value judgment on the distribution of income would show the required impersonality to the highest degree if the p…" by John Harsanyi?

John Harsanyi 12

hungarian economist 1920–2000

Related quotes

“The standard stream corresponding to Income No. 3 is constant in real terms… We ask… how much he would be receiving if he were getting a standard stream of the same present value as his actual expected receipts. This amount is his income.”

John Hicks (1904–1989) British economist

Source: Value and capital, (1939), p. 184 as cited in: Asheim, Geir B. "Economic analysis of sustainability." Justifying, Characterizing and Indicating Sustainability (2007): 1-15.

“If somebody prefers an income distribution more favorable to the poor for the sole reason that he is poor himself, this can hardly be considered as a genuine value judgment on social welfare.”

John Harsanyi (1920–2000) hungarian economist

Harsanyi, J. C. (1953). "Cardinal Utility in Welfare Economics and in the Theory of Risk-taking". J. Polit. Economy 61 (5): p. 434

“The central theme of this paper is the character and causes of long-term changes in the personal distribution of income. Does inequality in the distribution of income increase or decrease in the course of a country's economic growth? What factors determine the secular level and trends of income inequalities?”

Simon Kuznets (1901–1985) economist

Source: "Economic growth and income inequality," 1955, p. 1

“One aspect of the [Vietnam] conflict by the way that I will never ever countenance is that we drafted the lowest income level of America and the highest income level found a doctor that would say that they had a bone spur. That is wrong. That is wrong. If we are going to ask every American to serve, every American should serve.”

John McCain (1936–2018) politician from the United States

On C-SPAN3, American History TV, quoted in The Republic https://www.azcentral.com/story/opinion/op-ed/ej-montini/2017/10/22/john-mccain-mocks-donald-trumps-deferment-bone-spurs-without-naming-him/789051001/ (October 2017)
2010s, 2017

“Despite a voluminous and often fervent literature on "income distribution," the cold fact is that most income is not distributed: It is earned.”

Thomas Sowell (1930) American economist, social theorist, political philosopher and author

“No conception of democracy as geared toward reducing domination can ignore the relations between the political system and the distribution of income and wealth.”

Ian Shapiro (1956) American political theorist

The State of Democratic Theory (2003), Chapter 5. Democracy and Distribution.

“An invariable accompaniment of growth in developed countries is the shift away from agriculture, a process usually referred to as industrialization and urbanization. The income distribution of the total population, in the simplest model, may therefore be viewed as a combination of the income distributions of the rural and of the urban populations. What little we know of the structures of these two component income distributions reveals that: (a) the average per capita income of the rural population is usually lower than that of the urban;' (b) inequality in the percentage shares within the distribution for the rural population is somewhat narrower than in that for the urban population… Operating with this simple model, what conclusions do we reach? First, all other conditions being equal, the increasing weight of urban population means an increasing share for the more unequal of the two component distributions. Second, the relative difference in per capita income between the rural and urban populations does not necessarily drift downward in the process of economic growth: indeed, there is some evidence to suggest that it is stable at best, and tends to widen because per capita productivity in urban pursuits increases more rapidly than in agriculture. If this is so, inequality in the total income distribution should increase”

Simon Kuznets (1901–1985) economist

Source: "Economic growth and income inequality," 1955, p. 7 as cited in: Anthony Barnes Atkinson, François Bourguignon, Handbook of Income Distribution, Vol. 1. Elsevier, 2000 p. 799

“You can't live a positive life with a negative mind and if you have a positive outcome you have a positive income and just to have more positivity and just to kind of laugh it off.”

Miley Cyrus (1992) American actor and singer-songwriter

“I think that repealing or doing away with the corporate income tax is simply getting us back to where we were. We need to understand that the corporate income tax is a double tax, that we all own the corporations and that when income gets distributed to us we pay the tax on that. So we have the highest corporate income tax in the world right now, let's abolish it, let's make it the way that it was to begin with, and that will literally create tens of millions of jobs overnight because this country will be the only place to establish, grow, nurture business. Why won't that happen?”

Gary Johnson (1953) American politician, businessman, and 29th Governor of New Mexico

Statement at FOX News Debate
YouTube
2011-05-05
http://youtu.be/QRPrZxHUqsA
2012-02-24
Economic Policy

“Each demand for security, whether of employment, income or social position, implied the exclusion from such benefits of those outside the particular privileged group - and would generate demands for countervailing privileges from the excluded groups. Eventually, in such a situation every will lose.”

Margaret Thatcher (1925–2013) British stateswoman and politician

The Path To Power (1995)

Help us to complete the source, original and additional information

John Harsanyi 12

Related quotes

Related topics