volume 73, issue 180, P66-79 2000
DOI: 10.1111/1468-2281.00095
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Abstract: Moral choice is involved, even if implicitly, in many aspects of economic policymaking, since positive intervention or even the absence of intervention have important consequences for the distribution of resources. Changes in that distribution tend to be unequal as between groups of people at any one period or over time. On the other hand, policies (such as those relating to interest rates) tend to accept that some groups bear the costs of change so that others, or the generality of people, may benefit. This …

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