For everything you have lost, you have gained something else.
and for everything you have gained, you have lost something else.
Tuesday, April 20, 2010
Possible Rationale Behind Welfare State
When A has higher utility from private consumption than B, then A wishes to raise B's utility. By contrast, when A has lower utility from private consumption than B, then A wishes to lower B's utility. Is this why there's populist move towards welfare state?
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