Funding Theories of Social Insurance [Reply]

As the reviewers perceived, I had a modest objective in mind when I wrote this paper. The objective was to illustrate, by a detailed examination of a simple model, the profound difficulties involved in attempting to establish the superiority of any particular social insurance funding method by a chain of purely mathematical reasoning; even when this reasoning proceeds from apparently plausible assumptions. The two reviewers have contributed to the achievement of this objective in a more colorful and forceful fashion than I did.