While income redistribution is one of the most important functions
of modern governments, the world has changed greatly since this
first edition of Economics of Income Redistribution was published
in 1983. Pension systems and medical programs are in a state of
crisis in many parts of the world and the general political mood is
shifting away from income redistribution. Economics of Income
Redistribution (2nd edition) brings this work up to date by
discussing the economic and political aspects of income
redistribution. It examines the classical moral objective of
redistribution to assist the poor, as well as income transfer for
pensions, education and intra-family gift giving.
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