Libertarian Framework Of Economic Inequality

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The argument whether it’s efficient for a nation to have economic inequality is an argument that extends across economics and crosses into political philosophy. Out of the four schools, Libertarians are the only who advocate for inequality as long as increased wealth comes without rent seeking behavior. Libertarians are the most similar to the capitalist elements of society that exists in the United States. The other three advocate for a system that is more akin to socialism. Utilitarians, Rawlsians, and Marxists all advocate for the redistribution of income to create economic equality. Applying these frameworks to the current political and economic conditions of the U.S., the argument shifts to the topic of whether owners or executives are

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