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Distributive efficiency, the Glossary

Index Distributive efficiency

In welfare economics, distributive efficiency occurs when goods and services are received by those who have the greatest need for them.[1]

Table of Contents

  1. 11 relations: Abba P. Lerner, Deontology, Immanuel Kant, Libertarianism, Marginal utility, Marxism, Natural rights and legal rights, Redistribution of income and wealth, Robert Nozick, Utility, Welfare economics.

  2. Economic efficiency

Abba P. Lerner

Abraham "Abba" Ptachya Lerner (also Abba Psachia Lerner; 28 October 1903 – 27 October 1982) was a Russian-born American-British economist.

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Deontology

In moral philosophy, deontological ethics or deontology (from Greek: +) is the normative ethical theory that the morality of an action should be based on whether that action itself is right or wrong under a series of rules and principles, rather than based on the consequences of the action.

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Immanuel Kant

Immanuel Kant (born Emanuel Kant; 22 April 1724 – 12 February 1804) was a German philosopher and one of the central Enlightenment thinkers.

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Libertarianism

Libertarianism (from libertaire, itself from the lit) is a political philosophy that upholds liberty as a core value.

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Marginal utility

In economics, marginal utility describes the change in utility (pleasure or satisfaction resulting from the consumption) of one unit of a good or service.

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Marxism

Marxism is a political philosophy and method of socioeconomic analysis.

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Some philosophers distinguish two types of rights, natural rights and legal rights.

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Redistribution of income and wealth

Redistribution of income and wealth is the transfer of income and wealth (including physical property) from some individuals to others through a social mechanism such as taxation, welfare, public services, land reform, monetary policies, confiscation, divorce or tort law.

See Distributive efficiency and Redistribution of income and wealth

Robert Nozick

Robert Nozick (November 16, 1938 – January 23, 2002) was an American philosopher.

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Utility

In economics, utility is a measure of the satisfaction that a certain person has from a certain state of the world.

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Welfare economics

Welfare economics is a field of economics that applies microeconomic techniques to evaluate the overall well-being (welfare) of a society.

See Distributive efficiency and Welfare economics

See also

Economic efficiency

References

[1] https://en.wikipedia.org/wiki/Distributive_efficiency