Comparing fairness relative criteria of economic fairness with applications

"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 ap...

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Bibliographic Details
Main Author: McCain, Roger A.
Format: eBook
Language:English
Published: Northampton Edward Elgar Publishing 2021, 2021
Subjects:
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Collection: Edward Elgar eBooks Collection Business & Economics - Collection details see MPG.ReNa
Description
Summary:"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"--
Physical Description:240 pages
ISBN:9781839108020