I wrote a comment on Karl Smith’s post about genetics and egalitarianism, but I thought it might be worth elaborating on the point. Let’s suppose that a genetic lottery is about to be held. You have a fifty percent chance of ending up as Eli Dourado, gifted economist, chick magnet, high lifetime-earner. You also have [...]

Tags: egalitarianism, Friedrich, genetic lottery, optimal insurance, Rawls, redistribution, Smith
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