This timely and provocative book challenges the conventional wisdom
that neoliberal capitalism is incompatible with social justice.
Employing public choice and market process theory, Nick Cowen
systematically compares and contrasts capitalism with socialist
alternatives, illustrating how proponents of social justice have
decisive reasons to opt for a capitalism guided by neoliberal
ideas. Cowen shows how general rules of property and voluntary
exchange facilitate widespread cooperation. Revisiting the works of
John Rawls, he offers an interdisciplinary reconciliation of
Rawlsian principles with liberal democracy by introducing 'robust
property-owning democracy', a new form of governance that aims to
achieve social justice via practical, liberal means. Chapters
address the knowledge problem and the incentive problem that emerge
when aiming for a fair distribution of social resources and
demonstrate how everyday political bargaining can help achieve just
outcomes for all. Utilising insights from philosophy, politics and
economics to show the role of market institutions and
constitutional government in producing social justice, this book is
crucial reading for academics, researchers and students of PPE and
the political sciences. Its practical policy proposals will further
benefit policymakers interested in mechanisms that spread the
benefits of economic growth equitably.
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