 How to Uplift Free and Equitable Market Societies in Practice?Jairo Morales-Nieto ()
Africagrowth Agenda, 2020, vol. 17, issue 4, 4-9 Abstract: The headline of this article poses one of the most challenging questions of modern welfare economics and policy. It is about to truthfully demonstrate that it is not only imaginable but utterly possible harmonizing the ideals of freedom of choice and distributive equality without sacrificing the most acknowledgeable libertarian principles, entrepreneurial innovation, and economic efficiency. Following the course of a sort of vector inflection by which both ideals converge in a common direction and arrival point, it is certainly not a mere rhetorical discourse. As science and moral philosophers would surely point out, so great conciliation of ideals means a truly «development paradigm shift» in the sense that it openly defies and disrupts the structure of neoliberal beliefs and dogmas, always unfriendly concerning to bring together both ideals as a matter of economics and distributive economic policy. Obviously, the plausibility of harmonizing freedom and equality ideals to be a credible endeavour must be validated in the real world to discard whether any rude criticism from orthodox economists or any benevolent scepticism from their heterodox peers. The question of how to harmonize both ideals in practice is, in brief, the core subject of this paper that focuses not only on methodological but hermeneutical dimensions of human development in the quest for uplifting free and equitable market societies. This article is structured into five sections. The first gives a brief account of the theory that sustains freedom and equality ideals. The second section delivers an introduction to the concept of hermeneutics as a keyword to guide processes of doing and transforming. The third section illustrates the application of hermeneutical thinking while formulating welfare economic reforms and policies. The fourth section explains the general assumptions upon which a balanced model of freedom of choice and distributive equality may be built in real life and in real-time. Finally, the fifth section deploys a type of strategy game led by skilled players and propelled by key driving forces that interact with each other to realize in practice wealth and income distribution ideals and principles. Date: 2020 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:afj:journ2:v:17:y:2020:i:4:p:4-9 Access Statistics for this article More articles in Africagrowth Agenda from Africagrowth Institute Contact information at EDIRC. |
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