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OverviewEconomic 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. Full Product DetailsAuthor: Roger A. McCainPublisher: Edward Elgar Publishing Ltd Imprint: Edward Elgar Publishing Ltd Dimensions: Width: 15.60cm , Height: 2.00cm , Length: 23.40cm Weight: 0.498kg ISBN: 9781839108013ISBN 10: 1839108010 Pages: 240 Publication Date: 06 August 2021 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: To order  Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us. Table of ContentsReviews'Roger McCain's new book develops an original analysis of relative fairness or quasifairness to compare stable social situations as objects of public policy. Employing bounded rationality, Rawls, and a game-theoretic understanding of social stability, the book's applications are far-reaching and penetrating. Strongly recommended as a new strategy for re-grounding normative economics.' -- John B. Davis, Marquette University, US and University of Amsterdam, the Netherlands 'Roger McCain's new book develops an original analysis of relative fairness or ''quasifairness'' to compare stable social situations as objects of public policy. Employing bounded rationality, Rawls, and a game-theoretic understanding of social stability, the book's applications are far-reaching and penetrating. Strongly recommended as a new strategy for re-grounding normative economics.' -- John B. Davis, Marquette University, US and University of Amsterdam, the Netherlands Author InformationRoger A. McCain, Professor, School of Economics, LeBow College of Business, Drexel University, US Tab Content 6Author Website:Countries AvailableAll regions |
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