Deregulating the Principle of Distribution

  • Y. S. Brenner

Abstract

In this article the author questions the proposition that an ‘invisible hand’ leads to an equitable income distribution. He asserts that competition encourages economic growth but only under specific circumstances. He suggests that inherent in capitalism’s competitive individualism are the seeds of a socially divisive new type of feudalism and economic stagnation.
Published
1992-06-06
Section
Articles