Economics Dictionary of ArgumentsHome
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| Distribution: A. In logic, distribution refers to the scope of a term in a proposition. A term is distributed if it refers to all of the members of its class, and undistributed if it refers to only some of the members of its class. See also Syllogisms.
B.
In economics, distribution refers to how income, wealth, or resources are allocated among individuals, groups, or factors of production (e.g., labor, capital). It examines the fairness, efficiency, and patterns of allocation within an economy, influenced by policies, market forces, and societal structures._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Murray N. Rothbard on Distribution - Dictionary of Arguments
Rothbard III 911 Distribution/redistribution/Rothbard: Since taxation cannot really be uniform, the government in its budgetary process of tax-and-spend inevitably takes coercively from Peter to give to Paul ("Paul," of course, including itself). Distribution/redistribution: In addition to distorting the allocation of resources, therefore, the budgetary process redistributes incomes or, rather, distributes incomes. For the free market does not distribute incomes; income there arises naturally and smoothly out of the market processes of production and exchange. Thus, the very concept of "distribution" as something separate from production and exchange can arise only from the government's binary intervention. >Interventions/Rothbard. Utilitarianism: It is often charged, for example, that the free market maximizes the utility of all, and the satisfactions of all consumers, only "gives a certain existing distribution of income." But this common fallacy is incorrect; there is no "assumed distribution" on the free market separate from the voluntary activities of every individual's production and exchange. The only given on the free market is the property right of every man in his own person and in the resources which he finds, produces, or creates, or which he obtains in voluntary exchange for his products or as a gift from their producers. Rothbard III 912 Binary intervention: The binary intervention of the government's budget, on the other hand, impairs this property right of every one in his own product and creates the separate process and the "problem" of distribution. No longer do income and wealth flow purely from service rendered on the market; they now flow to special privilege created by the State and away from those specially burdened by the State. >Free market/Economic theories, >Government budget/Rothbard, >Government spending/Rothbard._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Rothbard II Murray N. Rothbard Classical Economics. An Austrian Perspective on the History of Economic Thought. Cheltenham, UK: Edward Elgar Publishing. Cheltenham 1995 Rothbard III Murray N. Rothbard Man, Economy and State with Power and Market. Study Edition Auburn, Alabama 1962, 1970, 2009 Rothbard IV Murray N. Rothbard The Essential von Mises Auburn, Alabama 1988 Rothbard V Murray N. Rothbard Power and Market: Government and the Economy Kansas City 1977 |
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