On Kolm's Theory of Macrojustice

The Theory of Macrojustice, introduced by S.-C. Kolm, is a stimulating contribution to the debate on the macroeconomic income distribution. The solution called "Equal Labour Income Equalisation" (ELIE) is the result of a three stages construction: collective agreement on the scheme of labour income redistribution, collective agreement on the degree of equalisation to be chosen in that framework, individual freedom to exploit his-her personal productive capacities (the source of labour income and the sole basis for taxation). This collective book is organised as a discussion around four complementary themes: philosophical aspects of macrojustice, economic analysis of macrojustice, combinations of ELIE with other targeted transfers, econometric evaluations of ELIE.