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Comments on John Roemer’s first welfare theorem of market socialism*

Francois Maniquet ()

Review of Social Economy, 2019, vol. 77, issue 1, 56-68

Abstract: In this comment on John Roemer’s “theory of cooperation with an application to market socialism”, I extend Roemer’s first welfare theorem of market socialism in two directions. First, I prove a version of the theorem that deals with non-linear taxation. Second, I offer a connection between the theorem and welfare equality. I then argue that the models and questions that Roemer contribute to bring to welfare economics raise questions that go much beyond the research on socialist ethics. In particular, I introduce a positive model of moral behavior that yields different predictions from Roemer’s Kantian model. I conclude that individual morality should become a central concern of welfare economists.

Date: 2019
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DOI: 10.1080/00346764.2018.1551562

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