How do we test a hypothesis that YLS students prefer not to redistribute compared to a random graduate? Could we use the same study and data? Suppose we prove that YLS students are not “elite” at all because the probability of a YLS graduate to have any influence on society is roughly equal to a random graduate, what would it imply for the study? Economists tend to use fancy words and create complexity so that they can live within their secluded ivory towers, contributing nothing to society. In this context, what exactly does equality-efficiency trade-offs mean? Does it mean that the “elite” like to keep the money for themselves and phenomena that cannot be understood in this framework is assumed to maximize efficiency?
Practical educators and researchers should stop wasting time assigning labels and useless observations in a label prone, segregated and tiring society.
(1) The distributional preferences of an elite
Raymond Fisman1,*, Pamela Jakiela2, Shachar Kariv3, Daniel Markovits4
1Department of Economics, Boston University, Boston, MA, USA.
2Department of Agricultural and Resource Economics, University of Maryland, College Park, MD, USA.
3Department of Economics, University of California, Berkeley, Berkely, CA, USA.
4Yale Law School, Yale University, New Haven, CT, USA.