>>2813690>Principles from the social thought of the Indian philosopher P.R.Sarkar are employed to show that there exists an optimal level of economic
inequality that joins the values of economic justice and efficiency. Sarkar
favored establishing a living wage as well as a maximum wage that allows for
work incentives. It is argued that the primary justification for inequality is to
provide incentives for individual productivity, and that the value of those
incentives should not exceed the economic contributions they produce. To
determine the relative importance of income incentives in motivating individual
economic contributions, it is found necessary to develop a multifaceted model
of human productivity. Such a model is developed using concepts from
humanistic psychology. A Sarkarian individual productivity curve is introduced
in diagrammatic analysis to demonstrate the existence of an optimal level of
inequality, and also to explain the persistence of extreme income inequality.
it's just Indian feudal socialism.