Equality of Opportunity: The Economics of Responsibility: 1 (World Scientific Series In Economic Theory)

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Equality of Opportunity: The Economics of Responsibility: 1 (World Scientific Series In Economic Theory)

by Fleurbaey and Marc

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Creators

Author Fleurbaey and Marc

Publisher World Scientific Publishing Company

Synopsis This book is a collection of articles written by the two authors on the topic of equality of opportunity. All articles build on the idea that a just society should equalize the resources that determine the opportunities agents face in order to follow their goals. Resources are either external, like financial resources, or internal, like preferences or skills. The authors propose to define "equality of opportunity" as the combination of ethical principles of compensation and responsibility. The principle of compensation requires external resources to be used to compensate low-skilled agents (considering that inequalities due to skill differences are unjust). The principle of responsibility requires external resources to be allocated without regards to inequalities due to differences in preferences (considering that these inequalities are not unjust). The articles present different ways of combining the two principles in different economic contexts. The book offers many possible aspects of the analysis of equality of opportunity, ranging from axiomatic discussions in abstract compensation models, to the design of redistribution policies in concrete labor income taxation models.

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Binding: Hardcover

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Specifications

Language: English
Publisher: World Scientific Publishing Company
Pages: 332 pages
Binding: Hardcover

ISBN: 9789814368872
Category: Economics
Related Category: Commerce & Management