Economic Moralism An Essay in Constructive Economics

Cover Economic Moralism An Essay in Constructive Economics
Economic Moralism An Essay in Constructive Economics
James Haldane Smith
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And as regards bequest, which is, as he says, " postponed gift, " he justifies death duties for revenue if politically expedient under existing conditions. He also justifies further curtailment of the right of bequest on the ground that " as bequeathed personal property is habitually invested, power to prescribe its uses without any limit of time may result in its being permanently turned to ends which, good though they were when it was bequeathed, have been rendered otherwise by social changes.... " He says that " an empirical compromise appears needful, " and that the power of directing property not bequeathed to children should be limited.
I5i Economic Moralism All this restriction or limitation of the right ofi gift and bequest is encouraged and justified by the present unjust economic system, and only under Economic Moralism would the right be relieved of such limitation. Under conditions of economic equality it would be unjust to interfere with the disposal a person chooses to make of his property.


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