Re: General Welfare

[IPGmail@aol.com]

In a message dated 11/4/99 mharrington@milken-inst.org writes:

> The preference ordering makes sense to me with #2 clearly superior and #3
>  clearly inferior. #1 and #4 might be less clear depending on the reasons 
why
>  some people are worse off. I would imagine that #1 looks more like reality

#3 is the reality; many worse off and some gaining both the new wealth and a 
share of the losers' wealth.  It is, as you say, clearly the inferior option.

Alan Zundel
Institute for the Public Good
http://www.publicgood.org