Distribution of Property part 2

Distribution of Property part 2 - Thursday Distribution of...

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Thursday, October 16, 2008 Distribution of Property For exam; lectures up to and including Oct 21 st -125 questions -everything in the readings, also tutorial readings Question form last time: For utilitarian’s, the idea of diminishing marginal unity suggests that income should be distributed: A) Relatively equally The Market A Pure Capitalist Market -in a pure capitalist market individuals have private property rights -who owns what? Is answered by who owns property rights -production for profit, people produce goods to gain profit from their effort -how are good distributed? Distribution is by market exchange -not necessarily far trade -what determines the goods that get produced in a pure capitalist market? Is based on competition -never has been and never could be a pure capitalist market A Modified Free Market -there is such a thing -some state owned enterprises -some voluntary distribution, charitable giving -sale of some goods are prohibited, ex. Drugs and illegal weapons -what determines the goods that get produced? Some state enforced monopolies -more or less describes most societies that are in present day A Planned Economy -who owns what? The state owns all major property -why are things produced? For need not for profit
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This note was uploaded on 03/22/2009 for the course POLI SCI 1020e taught by Professor Declearcy during the Spring '09 term at UWO.

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Distribution of Property part 2 - Thursday Distribution of...

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