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Chris Freiman
@cafreiman
Professor, John Chambers College of Business and Economics at WVU | Libertarianism, neoliberalism, effective altruism
Joined July 2021
271 Following    38.1K Followers
The upshot of Nozick’s thought experiment is that we cannot determine whether a distribution is just simply by checking it against a preferred pattern (for instance, that no one makes 800 times the median income); what matters is whether someone acquires income via voluntary transactions.
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When Nozick published this thought experiment, Chamberlain — the world’s best and most famous basketball player — was making 20 times the median income. Now every player in the NBA earns that, and there is a player on each team making 800 times the median.
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