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@article{Miles:2022:10.1017/S0266267121000031,
author = {Miles, D},
doi = {10.1017/S0266267121000031},
journal = {Economics and Philosophy},
pages = {71--107},
title = {The half life of economic injustice},
url = {http://dx.doi.org/10.1017/S0266267121000031},
volume = {38},
year = {2022}
}

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TY  - JOUR
AB  - This paper addresses a question which is fundamental to the perceivedlegitimacy of the distribution of resources today: to what extent doesunfairness in how assets came to be acquired in the past affect incomesand wealth now? To answer that question requires two things: first, aprinciple to determine what is, and what is not, a just acquisition ofwealth or a just source of income; second, a means of using thatprinciple to estimate what fraction of wealth and income is now unjust. Iuse a principle put forward by Robert Nozick to provide the first of thesethings and then use a model of wealth accumulation and economicgrowth to illustrate its implications for the scale of unfairness today. Thegreater is depreciation of assets, the higher are saving rates out of laborincome and the less important is human capital the more transient arethe effects of past economic injustices. I use data on the perceivedunfairness of economic outcomes to see if there is any evidence thatthose features which the model implies should influence the durability ofinjustice help explain cross-country differences in attitudes towardsunfairness
AU  - Miles,D
DO  - 10.1017/S0266267121000031
EP  - 107
PY  - 2022///
SN  - 0266-2671
SP  - 71
TI  - The half life of economic injustice
T2  - Economics and Philosophy
UR  - http://dx.doi.org/10.1017/S0266267121000031
UR  - http://hdl.handle.net/10044/1/86426
VL  - 38
ER  -

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