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Consumer Credit Policy Issues: Discussion

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  • Kinsey, Jean

Abstract

Dr. Dunkelberg suggests that social legislation is designed to alter an existing income distribution (broadly defined) and that this unsatisfactory income distribution is the result of a successful (efficient) market system. An efficient market system where each factor receives a price approximately equal to value of its marginal product and each market agent acts in his/her own best interest' will inevitably create inequities. But it does not follow that existing inequities are the result of an efficient market.

Suggested Citation

  • Kinsey, Jean, 1977. "Consumer Credit Policy Issues: Discussion," 1977 AAEA-WAEA Joint Meeting, July 31-August 3, San Diego, California 283614, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea77:283614
    DOI: 10.22004/ag.econ.283614
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    Keywords

    Financial Economics;

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