ABSTRACT
In the two preceding chapters we assumed that we were dealing with a Propdem, that is to say with an economy in which there was no interclass inequality because all citizens of the same age at the same time possessed the same earning capacity and owned the same amount of property. We did this because we wanted in those chapters to isolate the problems of intergenerational inequality so as to concentrate on the motives on the part of one generation to save or to dissave to help another generation. In other chapters we have from time to time made an assumption at the other extreme, namely that we are in a Plantcap where some persons own all the property but do no work while others do all the work but own no property.
