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Conservatives disapprove of state actions to ensure distributive equity because they believe in the universal truth of the "efficiency-equity tradeoff." In the words of Baker Professor of Economics Martin S. Feldstein '61, any attempt to redistribute the pie results in a smaller pie. Welfare creates perverse incentives not to work and reduces the efficiency of business--the so-called "leaky bucket." Baird Professor of History Richard Pipes is fond of calling redistribution a "parasite" on the body of a healthy capitalist economy...

Author: By John L. Larew, | Title: Socialism on the March | 2/1/1990 | See Source »

Beer and sport. Sport and beer. Apple pie and Chevrolet. Who could ask for anything more...

Author: By Jennifer M. Frey, | Title: The King of Sports | 1/26/1990 | See Source »

Glick complains that the problem set creates an unfair dilemma, since it assumes that income redistribution entails enormous social costs. He asks us to imagine instead that slicing the pie more equally won't shrink it at all, allowing him to hand the citizens of the Rawlsian economy a hefty $99,000 each. Surely, he suggests, the nefarious authors of Ec 10 problem sets could only have come up with the original example as a ploy to discredit the Difference Principle...

Author: By Jeff M. Rigsby, | Title: Rawls Redux | 1/10/1990 | See Source »

Liberating Switzerland would be as American as mom's apple pie...

Author: By Gavin M. Abrams, | Title: Who's PC Now? | 1/4/1990 | See Source »

...series, The Life and Loves of a She-Devil went gleefully over the top, pitying or despising all its characters. But comedy on the American plan can go soft, as Barr proved when she gave her abrasive stand-up-comic persona a sweetie-pie makeover for her hit TV show. She-Devil does the same to Weldon, without substituting much style or attitude. The movie is its own sitcom pilot, and only Streep watchers will be laughing...

Author: /time Magazine | Title: Cinema: Warty Worm | 12/11/1989 | See Source »

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