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Distributional Equality and Aggregate Utility: Further Comment/Reply
Journal article   Peer reviewed

Distributional Equality and Aggregate Utility: Further Comment/Reply

Maurice McManus, Gary Walton, Richard Coffman, Roger McCain, William Breit and William Culbertson
The American economic review, Vol.62(3), p489
01 Jun 1972

Abstract

Income distribution Studies Theorems Utility functions
The recent communication in this Review by William Breit and William Culbertson raises several intriguing and important questions about Abba Lerner's theorem regarding the optimum distribution of income. Lerner's rejection of their proof and their rejection of his leaves a void which must be filled if Lerner's theorem is to stand on a logical foundation. The primary purpose of this note is to provide that foundation.

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