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Books > Business & Economics > Economics > Economic theory & philosophy
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Comparing Fairness - Relative Criteria of Economic Fairness with Applications (Hardcover)
Loot Price: R3,418
Discovery Miles 34 180
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Comparing Fairness - Relative Criteria of Economic Fairness with Applications (Hardcover)
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Economic theory and philosophy have discussed concepts of fairness,
but the criteria of fairness are in each case absolute: a situation
is either fair or it is not. This book draws on these literatures
to propose two criteria of relative fairness, and a hierarchical
rule for the priority of application of these criteria, with a view
to comparison of practicable alternatives in public policy. A
veil-of-ignorance device of representation of rational fairness is
used to argue that these criteria are normatively relevant.
Applications to intergenerational fairness, fairness among regions
in the context of migration, externalities and Pigovian taxes, to
fair prices and wages, and to relative fairness in the status of
racial and caste groups are sketched. The book is designed with
real world public policy practice. Scholars with an interest in the
economic evaluation of public policy will find this compelling book
essential reading.
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