Political Theory

Liberty, Justice, and Wealth Distribution


Conferees explored “wealth distribution” rather than “redistribution,” as the former is the more fundamental and inclusive concept. Demands for a “redistribution” of wealth typically appeal to some principle of justice, so redistribution is defined by its intention to replace some existing pattern of wealth distribution that is deemed unjust.


From Liberty Fund


by By Helmut Schoeck

This classic study is one of the few books to explore extensively the many facets of envy—“a drive which lies at the core of man’s life as a social being.” Ranging widely over literature, philosophy, psychology, and the social sciences, Professor Schoeck— a distinguished sociologist and anthropologist—elucidates both the constructive…

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Additional Readings

Buchanan, James and Richard Wagner. Democracy in Deficit: The Political Legacy of Lord Keynes. Indianapolis: Liberty Fund, Inc., 2000.

de Tocqueville, Alexis. "Democracy in America." University of Virginia. http://xroads.virginia.edu/~HYPER/DETOC/toc_indx.html (August 26, 2009).

Eric Mack. "Blind Injustice." The Atlas Society. http://www.objectivistcenter.org/cth--290-Blind_Injustice.aspx (May 26, 2009).

Friedman, Milton. Capitalism and Freedom: Fortieth Anniversary Edition. Chicago: University of Chicago Press, 2002.

Hayek, F. A. Law, Legislation and Liberty, Volume 2: The Mirage of Social Justice [Phoenix series]. Chicago: The University of Chicago Press, 1976.

Hayek, F. A. The Constitution of Liberty. Chicago: University of Chicago Press, 1978.

Hazlitt, Henry. The Failure of the "New Economics": An Analysis of the Keynesian Fallacies. Auburn: Ludwig von Mises Institute, 2007.

Jefferson, Thomas. "Letter to James Madison, October 28, 1785." Ashbrook Center for Public Affairs. http://teachingamericanhistory.org/library/index.asp?document=967 (August 26, 2009).

John V. C. Nye. "Economic Growth - Part I - Economic Growth and True Equality." Library of Economics and Liberty - Liberty Fund, Inc.. http://www.econlib.org/cgi-bin/printarticle2.pl?file=Columns/Nyegrowth.html (August 26, 2009).

John V. C. Nye. "Economic Growth - Part II - Irreducible Inequality." Library of Economics and Liberty - Liberty Fund, Inc. http://www.econlib.org/cgi-bin/printarticle2.pl?file=Columns/Nyepositional.html (August 26, 2009).

Jouvenel, Bertrand de. The Ethics of Redistribution. Indianapolis: Liberty Fund, Inc., 1990.

Keynes, John Maynard. General Theory of Employment, Interest and Money. New York: Harcourt Company, Inc., 1965.

Lachmann, Ludwig M. Capital, Expectations, and the Market Process. Kansas City: Sneed, Andrews and McMeel, 1977.http://oll.libertyfund.org/index.php?option=com_staticxt&staticfile=show.php%3Ftitle=97&Itemid=27 (accessed October 9, 2009).

Madison, James. "Property." University of Chicago . http://press-pubs.uchicago.edu/founders/documents/v1ch16s23.html (August 26, 2009).

Mill, John Stuart. The Collected Works of John Stuart Mill, Volume XVIII - Essays on Politics and Society. Edited by John M. Robson. Toronto: Toronto University Press, 1977.

Mill, John Stuart. Collected Works of John Stuart Mill, Books III - V, Principles of Political Economy. Edited by J.M. Robson. Indianapolis: Liberty Fund Inc., 2006.

Miller, David. Market, State, and Community. Oxford: Oxford University Press, 1991.

Mises, Ludwig von. Theory and History: An Interpretation of Social and Economic Evolution. Edited by Bettina Bien Greaves. Indianapolis: Liberty Fund, 2005.

Nozick, Robert. Anarchy, State, and Utopia. New York: Basic Books, Inc., 1974.

Numa Denis Fustel de Coulanges. "The Ancient City." McMaster. http://socserv.mcmaster.ca/econ/ugcm/3113/fustel/AncientCity.pdf (August 26, 2009).

Rawls, John. A Theory of Justice. Cambridge: The Belknap Press, 1971, 1999.

Reynolds, Alan. "The Top 1%...of What?" The Wall Street Journal - Eastern Edition (December 17, 2006): 1-5. www.wsj.com (accessed ).

Tullock, Gordon. The Selected Works of Gordon Tullock, Volume 1: Virginia Political Economy. Edited by Charles K. Rowley. Indianapolis: Liberty Fund, Inc., 2004.

Webb, Sidney. Fabian Essays in Socialism. Edited by George Bernard Shaw. New York: The Homboldt Publishing Co., 1891.