Rawls says... let's design an economy... in such a way that you would be willing to enter that society at random. That's a just society... You don't know your position in it. You don't know whether you're smart or dumb. You don't know your skin color. You don't know your gender. You don't know your parents. You don't know anything about yourself. ...[In that case] we wouldn't design a society like it is today. You would make sure that there is an equitable distribution of power.... that the power is not concentrated... that there is countervailing power, that wealth is not concentrated...
John Komlos Connected to the Carolinas
Source
No citation is recorded for this quotation.
- work
- A Progressive View on the Need for a Paradigm Shift in Economics (Dec 2020)
- year
- 2020
no citation recorded
Cite this record
“Rawls says... let's design an economy... in such a way that …” John Komlos. Carolina Quotes, record CQ-7352D8CB07. https://carolinaquotes.com/quote/7352d8cb07
More from John Komlos
Anthropometric history... has the advantage of having an abundant evidential basis beginning with the seventeenth century... This approach acknowledges... the inherent multidimensionality of the concept "standard of living" and asserts that the several dimensions might not move synchronously, and therefore they ought not to be collapsed into a single indicator...
Deregulation was supposed to make the economy more efficient... but instead it led to the financial crisis... and Blackboard Economists did not even see the crisis coming when it was around the corner.
Greenspan... out of hand and cold-bloodedly thwarted [warnings of Edward Gramlich, Paul Krugman, Raghuram Rajan, Nouriel Roubini, Peter Schiff, Robert Shiller, Joseph Stiglitz, Nassim Taleb, John Taylor, and] Brooksley Born's valiant efforts to regulate derivatives a decade before the meltdown.