Must-Read: I really object to “money-metric social welfare” as a phrase. I prefer “false Negishi-price plutocratic weights for interpersonal utility comparisons”. When you say the standard goal is to maximize consumer plus producer surplus, you are making interpersonal utility comparisons in a particularly stupid and cruel way. But that is largely orthogonal to Robert’s—very, very … Continue reading Must-Read: Robert Waldmann (2007): The Simple Analytics of Progressive Income Redistribution