Most people are more concerned by fairness than an elusive view of efficiency. The traditional economic model does not delve into equity but, rather, into how people come into their wealth originally. Distribution of wealth in the traditional model is assumed to come from trading goods and services. The following assumptions are the basis of this distribution concept in the traditional model: assumption 5 (social welfare is based on individual utility) and assumption 14 (the distribution of wealth is approved by society).
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