Abstract
The free-market economic system is dynamic, expansive, creative and global in its reach. It is remarkable in its productive capacity, and linked to law, individual freedom and democracy. Who in the contemporary world would choose another economic system? But the one problem that cannot be solved from within market dynamics is the problem of the unequal distribution of wealth.
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Notes
Adam Smith, The Wealth of Nations.
Jeremy Bentham and J.S. Mill, Utilitarianism and Other Essays, Harmondsworth, Middlesex, England, Penguin, 1987.
Ronald M. Glassman, The New Middle Class and Democracy in Global Perspective, London, Macmillan, 1997.
Ronald M. Glassman & Vatro Murvar, Max Weber’s Political Sociology, Westport, Ct, Greenwood Press, 1978; see also, Glassman, Swatos & Rosen, Bureaucracy against Democracy and Socialism, Westport, Greenwood Press, 1984.
Ronald M. Glassman, The Middle Class and Democracy in SocioHistorical Perspective, Leiden, The Netherlands, E.J. Brill, 1994; see also Glassman and Swatos, For Democracy:the Noble Character and Tragic Flaws of the Middle Class, Westport, Ct, Greenwood Press, 1990.
John Rawls, A Theory of Justice, Cambridge, Mass., Harvard Univ. Press, 1961.
Ronald M. Glassman, Democracy and Equality, New York, Praeger, 1984; see also Ronald M. Glassman, Democracy and Despotism in Primitive Societies, New York, Kennicott Press, 1979.
Ronald M. Glassman, The Middle Class and Democracy in Socio-Historical Perspective, Leiden, E.J. Brill.
Aristotle, Politics, Ernest Barker trans., New York, Oxford University Press, 1958, p. 146.
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© 2000 Ronald M. Glassman
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Glassman, R.M. (2000). Why Transfer Payments are Necessary in High-Tech Industrial Capitalist Societies. In: Caring Capitalism. Palgrave Macmillan, London. https://doi.org/10.1057/9780333985427_10
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DOI: https://doi.org/10.1057/9780333985427_10
Publisher Name: Palgrave Macmillan, London
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