Income Re-Distribution, the Nash Way: Nash's Unjust Bargaining Theory
5 Pages Posted: 2 Sep 2013 Last revised: 10 Mar 2017
Date Written: September 1, 2013
Abstract
This paper proves that the traditional wisdom of robbing the rich for the poor will end up with just the opposite result. Evidences are given to confirm that such unjust re-distribution is happening in the real world. Welfare economists should be fired: to be replaced by wealth economists.
Keywords: Income Distribution, Bargaining, Welfare
JEL Classification: C78, D31
Suggested Citation: Suggested Citation
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