1 Matching Annotations
- Jul 2015
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www.bostonfed.org www.bostonfed.org
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depending on the degree of concavity of utility, which also can be interpreted in an aggregate model as the degree of aversion to income inequality in society.
This is always the kicker in policy questions and where rational people can actually disagree. People have different valuations of the same moral ideals. This is why I periodically try to imagine the basis of my morality space and evaluate to what extent it is orthonormal.
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