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Rawlsian Land Reform with Human Capital: A Social Inclusion Process for the Landless ‘Underdog’
The International Journal of Latest Trends in Finance and Economic Sciences
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| Title |
Rawlsian Land Reform with Human Capital: A Social Inclusion Process for the Landless ‘Underdog’
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| Creator |
Sousa, Miguel Rocha
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| Subject |
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Land reform, Human capital, Rawlsian welfare, Difference principle, Ignorance veil, Nozickian land reform. |
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| Description |
Focusing on the concept of Rawlsian-welfare-analysis, we evaluate land reform in a context of human capital. This theoretical and conceptual analysis is applied to the question of equity and social inclusion: our model previews that latifundia will be divided creating either mesofundia or microfundia. The way the social optimum is achieved, and the way we express the social welfare function is new to the literature, as far as we know, no Rawlsian including land reform has been tempted. The Rawlsian welfare function, in a context of uncertainty, corresponds to the max-min criteria. This means that if land is given to the social underdog, then his welfare improves, but the amount of land must be large enough in order to get him out of the poverty trap (human capital defined) threshold. The iteration of this principle to the successive “underdogs” creates the notion of a dynamic social including Rawlsian land reform. Equity can be improved if we look by the planner’s eyes in a Rawlsian way. This analysis then can be expanded to free market analysis, using the Second Fundamental Theorem of Welfare Analysis and market prices can be retrieved by the Negishi procedure. We also present a criticism to Rawlsian land reform, in the form of the least state interventionism, an utmost version of the liberal paradigm, the anarchic one - Nozickian land reform.
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| Publisher |
International Journal of Latest Trends in Finance and Economic Sciences
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| Date |
2017-05-22
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| Format |
application/pdf
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| Identifier |
http://ojs.excelingtech.co.uk/index.php/IJLTFES/article/view/Rawls
10.2047/ijltfesvol6iss4-1238-1243 |
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| Source |
International Journal of Latest Trends in Finance and Economic Sciences; Vol 6, No 4 (2016): December; 1238-1243
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| Language |
en
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| Rights |
The copyright of the contribution is transferred to IJLTFES in case of acceptance. The copyright transfer covers the exclusive right to reproduce and distribute the contribution, including reprints, translations, photographic reproductions, microform, electronic form, or any other reproductions of similar nature. The Author may publish his/her contribution on his/her personal Web page provided that he/she creates a link to the mentioned volume of IJLTFES. The Author may not publish his/her contribution anywhere else without the prior written permission of the publisher unless it has been changed substantially. The Author warrants that his/her contribution is original, except for such excerpts from copyrighted works as may be included with the permission of the copyright holder and author thereof, that it contains no libellous statements, and does not infringe on any copyright, trademark, patent, statutory right, or propriety right of others. The Author also agrees for and accepts responsibility for releasing this material on behalf of any and all co-authors.
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