The case for a robust property-owning democracy

.

Chapter 17 in Neoliberal Social Justice, 2021, pp 196-215 from Edward Elgar Publishing

Abstract: Rawlsian approaches to property-owning democracy do not deal adequately with knowledge and incentive problems. Attempts to implement them in practice may produce outcomes that are more unjust than existing welfare state democracies. Nevertheless, certain policies aligning with a property-owning democracy are more likely to address social inequality, given realistic challenges to implementation. They include reducing public debt, specifying public service entitlements in ways that they can be more assuredly claimed as rights, funding pension systems through investment rather than unfunded entitlements, reforms to prevent intellectual property from producing excessive rents, and making homeownership and affordable housing accessible to all through increasing supply. On many margins, individual liberty and material equality are aligned as social values and it is important for liberal democracies to aim at reducing arbitrary and unwarranted sources of inequality.

Keywords: Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.elgaronline.com/view/9781800374539.00027.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:20140_17

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().