A Theory of Fairness and Social Welfare

Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy, Religion & Spirituality, Philosophy, Business & Finance
Cover of the book A Theory of Fairness and Social Welfare by Marc Fleurbaey, François Maniquet, Cambridge University Press
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Author: Marc Fleurbaey, François Maniquet ISBN: 9781107714168
Publisher: Cambridge University Press Publication: June 13, 2011
Imprint: Cambridge University Press Language: English
Author: Marc Fleurbaey, François Maniquet
ISBN: 9781107714168
Publisher: Cambridge University Press
Publication: June 13, 2011
Imprint: Cambridge University Press
Language: English

The definition and measurement of social welfare have been a vexed issue for the past century. This book makes a constructive, easily applicable proposal and suggests how to evaluate the economic situation of a society in a way that gives priority to the worse-off and that respects each individual's preferences over his or her own consumption, work, leisure and so on. This approach resonates with the current concern to go 'beyond the GDP' in the measurement of social progress. Compared to technical studies in welfare economics, this book emphasizes constructive results rather than paradoxes and impossibilities, and shows how one can start from basic principles of efficiency and fairness and end up with concrete evaluations of policies. Compared to more philosophical treatments of social justice, this book is more precise about the definition of social welfare and reaches conclusions about concrete policies and institutions only after a rigorous derivation from clearly stated principles.

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The definition and measurement of social welfare have been a vexed issue for the past century. This book makes a constructive, easily applicable proposal and suggests how to evaluate the economic situation of a society in a way that gives priority to the worse-off and that respects each individual's preferences over his or her own consumption, work, leisure and so on. This approach resonates with the current concern to go 'beyond the GDP' in the measurement of social progress. Compared to technical studies in welfare economics, this book emphasizes constructive results rather than paradoxes and impossibilities, and shows how one can start from basic principles of efficiency and fairness and end up with concrete evaluations of policies. Compared to more philosophical treatments of social justice, this book is more precise about the definition of social welfare and reaches conclusions about concrete policies and institutions only after a rigorous derivation from clearly stated principles.

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