Income Distribution and Social Justice

Joseph Dillon Davey

Chapter Chapter 1 in The Shrinking American Middle Class, 2012, pp 11-23 from Palgrave Macmillan

Abstract: Abstract Alexis de Tocqueville published the classic Democracy in America in 1835. His masterpiece begins with the words, “amongst the novel objects that attracted my attention during my stay in the United States, nothing struck me more forcibly than the general equality of condition among the people.” As a French aristocrat, de Tocqueville marveled at a level of equality that he had never witnessed before and concluded that if democracy could work anywhere, it would be in America. If “equality” is essential for democracy to succeed, then the growing inequality of recent decades should be a seminal concern for all Americans.

Keywords: Gross Domestic Product; Social Justice; Gini Coefficient; Hedge Fund; Capital Gain (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-29507-1_2

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DOI: 10.1057/9781137295071_2

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