The Principle of Merit and the capital-labour split

Jeppe von Platz

Economics and Philosophy, 2022, vol. 38, issue 1, 1-23

Abstract: Some meritocratic defenders of capitalism rely on the principle that cooperators should receive a share of the product commensurate with their contribution. However, such defences of capitalism fail due to a dilemma. Either they rely on an understanding of contribution that arguably will be reflected by the capital-labour split in suitably idealized capitalist economies, but cannot serve as a plausible standard of merit; or they rely on an interpretation of contribution that is a plausible standard of merit, but which won’t tend to be reflected by the capital-labour split in capitalist economies.

Date: 2022
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