Income distribution is expected to accelerate structural reforms
Income distribution is expected to accelerate structural reforms, but how fast will also depend on many factors. Income distribution reform involves the redistribution of the economic cake not only practice resistance in understanding also have differences. Among them, Economics (home) point of view it seems can be summarized as: income distribution status does not affect the social welfare maximization, emphasized the enthusiasm and fair affect economic efficiency. This generally although there are certain representative, but too simplistic, easy to misread. Let’s look at the income distribution on social welfare are not important conclusions. What is the revenue just? how to realize revenue just? our views may differ. Income can be the starting point for a just and fair, either as a process of Louis Vuitton, or the results of the fair. Standard economics major emphasis is on process and fair, that is, to a fully competitive market environment. Micro-economics of welfare economics theorem proving, fully competitive market mechanisms, to ensure that community to achieve benefits maximized. While textbooks on social welfare maximization, referring to the “Pareto optimal” status, which cannot be reduced to a man’s welfare, allowing another person’s welfare increase.
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