Léon Walras and Social Justice

Renato Cirillo

American Journal of Economics and Sociology, 1984, vol. 43, issue 1, 53-60

Abstract: Abstract. Léon Walras strongly believed that without an equitable distribution of wealth there could be no social justice. Though he defended the right of private property, he considered that land was a special case and that it belonged to all the community. His social reform involved the nationalization of land, the abolition of taxation on wages, the curbing of monopoly power, and the promotion of a strong cooperative movement. He insisted that the only way the working class could regain their freedom was by becoming property owners. The influence of Henry George on Walras' thinking is obvious. They both shared the same humanitarian ideals, and both believed in a capitalist system working side by side with the social reforms they advocated.

Date: 1984
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