On Kolm’s Theory of Macrojustice

The "Theory of Macrojustice", introduced by S.-C. Kolm, is a stimulating contribution to the debate on the macroeconomic income distribution. The solution called "Equal Labour Income Equalisation" (ELIE) is the result of a three stages construction: collective agreement on the scheme of labour income redistribution, collective agreement on the degree of equalisation to be chosen in that framework, individual freedom to exploit his--her personal productive capicities (the source of labour income and the sole basis for taxation). This book is organised as a discussion around four complementary themes: philosophical aspects of macrojustice, economic analysis of macrojustice, combination of ELIE with other targeted tranfers, econometric evaluations of ELIE.

The theory of macrojustice, introduced by S.-C. Kolm, is a stimulating contribution to the debate on macroeconomic income distribution. This book presents this debate, examining Kolm's theory of macrojustice. It includes comments by Kolm himself.

Why Should We Debate the Theory of Macrojustice?- THE MACROJUSTIC OF SERGE-CHRISTOPHE KOLM: General Presentation.- Economic Macrojustice: Fair Optimum Income DistributionTaxation and Transfers.- PHILOSOPHICAL ASPECTS OF MACROJUSTICE: ELIE and the Emotions Related to Social Recognition.- Basic Income and ELIE Transfers: Argument for Comatibility Despite Divergence.- ECONOMIC ANALYSIS OF MACROJUSTICE: An Axiomatic Study of the Equal-Labour-Income Equalisation Allocation Rule.- An Exploration of Incentive-Compatible ELIE.- COMBINATIONS OF ELIE WITH OTHER TARGETED TRANSFERS: Is ELIE a wasteful minimum income scheme?- ELIE-minating Poverty? Limits of the Mechanism and Potential Improvements.- ECONOMETRIC EVALUATIONS OF ELIE: The Redistributive Aspects of ELIE: A Simulation Approach.- The Tradeoff Between Growth and Redistribution: ELIE in an Overlapping Generations Model.- SELECTIVE COMMENTS BY SERGE-CHRISTOPHE KOLM: Macrojustice in Normative Economics and Social Ethics.