ACTG 2010 Lecture 4: SHAW - Chapter 3 PART 2
12 Jul 2016
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Justice and economic distribution (moral issues in business, 3. 1, p 101-112) In theory the concept works, no one is ever left with nothing and there is a certain amount of growth potential for those that work hard (without letting them earn to a level that induces envy) However isbister questions whether this can be used today, and whether or not the ratio would have to be something like 600:1, rather than the suggestion of 4:1 by plato in classical greece. What difference in labour incomes are needed for efficiency? although ethically our incomes should be as equal as possible, this is inefficient as people have no financial incentive to be productive. Many factors motivate people but money is certainly a large one. Psychic income the concept that people get to choose their jobs (ie. michael. Jordan choosing to play basketball for ,000 rather than some other job for.
