Reciprocity is a crucial part of our social and economic lives, yet until recently it has been somewhat ignored by economists. Serge-Christophe Kolm shows us that reciprocity and altruism play an important role, not just in the micro-economy of the family but also in the macro-economy of the state.
In the just society, individuals' freedom is fully respected, and redistribution amounts to an equal sharing of individuals' different earnings obtained by the same limited 'equalization labour'. The concept of equalization labour is determined by a number of methods presented in this volume.
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