On Kolm’s Theory of Macrojustice

The theory of "macrojustice", introduced by S.-C. Kolm, is a stimulatingcontribution to the debate on the macroeconomic incomedistribution. The solution called "Equal Labour Income Equalization"(ELIE) is the result of a three-stage construction: agreementon the scheme of labour income redistribution, agreement on thedegree of equalization to be chosen in that framework, control byeveryone of the intensity with which his/her own productive capacities(the source of his/her labour income) are exploited. The book is organizedas a discussion around four themes: philosophical aspects ofmacrojustice, economic analysis of macrojustice, a combination of ELIEwith other targeted transfers and an econometric evaluation of ELIE.The introduction includes two chapters (a presentation of the wholeproject by the two editors, a summary of the macrojustice and theELIE transfers by Kolm) and the conclusion consists of Kolm'sselective comments on the points made by the contributors.