Consumer Credit Policy Issues: Discussion

Jean Kinsey

No 283614, 1977 AAEA-WAEA Joint Meeting, July 31-August 3, San Diego, California from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Dr. Dunkelberg suggests that social legislation is designed to alter an existing income distribution (broadly defined) and that this unsatisfactory income distribution is the result of a successful (efficient) market system. An efficient market system where each factor receives a price approximately equal to value of its marginal product and each market agent acts in his/her own best interest' will inevitably create inequities. But it does not follow that existing inequities are the result of an efficient market.

Keywords: Financial; Economics (search for similar items in EconPapers)
Pages: 11
Date: 1977-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea77:283614

DOI: 10.22004/ag.econ.283614

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