Download or read book Superfairness written by William J. Baumol and published by MIT Press. This book was released on 1986 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: With his characteristic acuteness and lucidity, William Baumol, one of America's foremost economists, tackles the problem of equity considerations in welfare economics by applying the novel "superfairness" criterion to the distribution of resources, product, income, and wealth that arises from economic decisions.
Download or read book Superfairness written by and published by . This book was released on 1986 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Political Economy of Fairness written by Edward E. Zajac and published by MIT Press. This book was released on 1995 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work questions how governments should balance the aims of justice and economic efficiency when intervening in the economy. It covers the main advances of fairness theory and reviews the experimental work of economists as well as the more standard approaches of moral philosophers.
Download or read book Fairness in Antitrust written by Adi Ayal and published by Bloomsbury Publishing. This book was released on 2014-12-01 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: What drives popular support for state-enforced competition policy? What is it about antitrust law that garners approval from both the public and courts, to the point of demonizing large firms convicted of antitrust offenses? In this book Adi Ayal argues that the populist roots of antitrust are still with us, guiding sentiment towards a legal regime that has otherwise shifted towards economic analysis. Antitrust is very much about fairness and morality; this book assesses how modern policy has hijacked popular support - based on traditional conceptions of political and economic power - to combat market power in narrowly defined micro-markets. Beginning with history, but delving into moral and political philosophy, Professor Ayal shows how arguments concerning fairness in antitrust apply both to monopolists and their victims. Fairness thus requires a balancing test based on context and respecting the rights of all parties involved. While traditionally fairness arguments were used to justify intervention where economic analysis did not, this book assesses them from first principles, to show that pure efficiency analysis is flawed from a moral standpoint when the state intervenes. Protecting weak consumers from strong monopolists may carry rhetorical weight, but the reality of antitrust is that the state is much more powerful than almost all firms it regulates. Protecting the strong from the weak, especially when 'weak' consumers hold legal power and influence, might very well be a moral imperative. This book offers a philosophical account of the conundrum facing competition policy which challenges widely-held yet often implicit and unfounded beliefs.
Download or read book The Economics of Transnational Commons written by Partha Dasgupta and published by Oxford University Press. This book was released on 1997 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: Commonly shared resources that include the oceans, atmosphere fisheries and other components of the environment are managed by consensus amongst nations. This study examines the complex issue of these shared resources from a multi-disciplinary viewpoint.
Download or read book Fairness Globalization and Public Institutions written by Jim Dator and published by University of Hawaii Press. This book was released on 2018-03-31 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: Who benefits from the interconnected processes often referred to as globalization? Is it a relatively few people, with most others either being harmed or at least not helped? Are the good things that globalization produces, whatever they are, widely shared? What processes lead us in one direction or another? This book examines a key dimension of globalization: its fairness. It investigates the meaning of and role fairness plays when public institutions are faced with the challenges and opportunities of globalization. Here a distinguished group of contributors, including both academics and practitioners, focuses on East and Southeast Asia, but the relevance of the issues discussed extends well beyond these regions. They present a broad-ranging examination of the intersections between fairness, globalization, and public institutions. Contributors: Doug Allen, Walt T. Anderson, Ron Brown, Jim Dator, Jingping Ding, Christopher Grandy, Sohail Inayatullah,Yong-duck Jung, Martin Khor, Yoshiko Kojo, Le Van Anh, Ivana Milojevic, Ryo Oshiba, Edgar A. Porter, Dick Pratt, Fred Riggs, James Rosenau,Yongseok Seo, Chanto Sisowath, Shunichi Takekawa. An electronic version of this book is freely available thanks to the support of libraries working with Knowledge Unlatched, a collaborative initiative designed to make high-quality books open access for the public good. The open-access version of this book is licensed under Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0), which means that the work may be freely downloaded and shared for non-commercial purposes, provided credit is given to the author. Derivative works and commercial uses require permission from the publisher.
Download or read book Fairness written by Nicholas Rescher and published by Routledge. This book was released on 2018-02-06 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt: In theory and practice, the notion of fairness is far from simple. The principle is often elusive and subject to confusion, even in institutions of law, usage, and custom. In Fairness, Nicholas Rescher aims to liberate this concept from misunderstandings by showing how its definitive characteristics prevent it from being absorbed by such related conceptions as paternalistic benevolence, radical egalitarianism, and social harmonization. Rescher demonstrates that equality before the state is an instrument of justice, not of social utility or public welfare, and argues that the notion of fairness stops well short of a literal egalitarianism. Rescher disposes of the confusions arising from economists' penchant to focus on individual preferences, from decision theorists' concern for averting envy, and from political theorists' sympathy for egalitarianism. In their place he shows how the idea of distributive equity forms the core of the concept of fairness in matters of distributive justice. The coordination of shares with valid claims is the crux of the concept of fairness. In Rescher's view, this means that the pursuit of fairness requires objective rather than subjective evaluation of the goods being shared. This is something quite different from subjective equity based on the personal evaluation of goods by those laying claim to them. Insofar as subjective equity is a concern, the appropriate procedure for its realization is a process of maximum value distribution. Further, Rescher demonstrates that in matters of distributive justice, the distinction between new ownership and preexisting ownership is pivotal and calls for proceeding on very different principles depending on the case. How one should proceed depends on context, and what is adjudged fair is pragmatic, in that there are different requirements for effectiveness in achieving the aims and purposes of the sort of distribution that is intended. Rescher concludes that fairness is a fundamentally ethical concept. Its distinctive modus operandi contrasts sharply with the aims of paternalism, preference-maximizing, or economic advantage. Fairness will be of interest to philosophers, economists, and political scientists.
Download or read book Microeconomic Analysis Routledge Revivals written by David Currie and published by Routledge. This book was released on 2016-05-20 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1981, this book brings together a collection of essays on microeconomics and development presented at the conference of the Association of University Teachers of Economics. Topics covered include the intergenerational transfer of economic inequality, a review of the recent development in the theory of equity in the economy’s distribution and production process, labour and unemployment, market structure and international trade, taxation and the public sector, Third World industrialisation and Indian agriculture. This book will be of interest to students of Economics and Development Studies.
Download or read book Social Fairness and Economics written by Lance Taylor and published by Routledge. This book was released on 2013-02-11 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together papers inspired by the work of Duncan Foley, an extraordinarily productive economist who has made seminal contributions to a wide variety of areas. Foley’s work cannot be easily classified, but one thread that runs through it is a critical examination (along both ethical and analytical lines) of conventional neoclassical economic theory, particularly involving general equilibrium theories of value and money. Foley was a pioneer of complexity economics as well, which adopts approaches to these questions drawn from natural sciences, so the collection therefore has an interdisciplinary quality that will interest a wide variety of readers. Some of the chapters are intellectual biographies that contextualize and identify Foley’s contributions to Keynesian macroeconomics, Marxian value theory, and complexity theory in economics. The topics covered include the economics of complexity; the ethics of general equilibrium theory; the economics of climate change; applications of Keynesian, Marxian and Ricardian political economy; and money and financial crises. The collection should be useful to scholars who work in various economic traditions critical of the currently dominant free-market approach, but it also speaks to scholars of critical theory in various disciplines beyond economics such as the mathematicians, physicists, and other natural scientists who are interested in understanding the complexity of social processes using their analytical frameworks. This book should also appeal to graduate students in economics who are working in these traditions, as well as scholars (including current graduate students in orthodox programs) who are dissatisfied with the current state of economic theory and would like to satisfy their intellectual curiosity by sampling the contributions of critical theorists.
Download or read book Fair Division written by Steven J. Brams and published by Cambridge University Press. This book was released on 1996-02-23 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cutting a cake, dividing up the property in an estate, determining the borders in an international dispute - such problems of fair division are ubiquitous. Fair Division treats all these problems and many more through a rigorous analysis of a variety of procedures for allocating goods (or 'bads' like chores), or deciding who wins on what issues, when there are disputes. Starting with an analysis of the well-known cake-cutting procedure, 'I cut, you choose', the authors show how it has been adapted in a number of fields and then analyze fair-division procedures applicable to situations in which there are more than two parties, or there is more than one good to be divided. In particular they focus on procedures which provide 'envy-free' allocations, in which everybody thinks he or she has received the largest portion and hence does not envy anybody else. They also discuss the fairness of different auction and election procedures.
Download or read book Fairness in the World Economy written by Americo Beviglia Zampetti and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: Americo Beviglia Zampetti s Fairness in the World Economy provides an important lens into understanding fairness debates in contemporary trade discourse. . . an important contribution to the trade literature. . . the historical excavation that Fairness in the World Economy provides is of great value. Students and scholars alike will find Zampetti s clear and concise history of US trade policy from the founding to the present to be extremely useful. More importantly, at a time when there is widespread argument that too few share in [globalization s] benefits [and] too many have no voice in its design and no influence on its course, Fairness in the World Economy invites its readers to consider the adequacy of the level playing field notion of fairness and to grapple with the politically contentious question of how trade can help create a more just international economic order. Jeffrey L. Dunoff, The American Journal of International Law This is an unusually timely and insightful work, addressing the crucial issue of the justice of globalization. The author avoids the polemics and abstractions with which this question is usually treated; his economic literacy as well as hands-on policy experience in international and transnational institutions, make this a uniquely practical, balanced and nuanced account, bringing much clarity to a heated debate, which usually divides the different disciplines and specialities rather than inciting their engagement. Robert L. Howse, University of Michigan, Ann Arbor, US This volume describes the birth (with all the birth defects) of the notion of fairness in the US. The extent of the author's research is quite breathtaking: not only does he delve into an infinite series of official and semi-official documents, but he also looks at case law, opinions expressed in the literature etc., to come up with an expression of (US) fairness that does not suffer from selection bias. But this is only half what the author has accomplished through his work. He goes on to examine how US fairness has been exported to international institutions (such as the GATT/WTO regime) and demonstrates how, once discussed and shaped among all trading partners, it has come back to the US in a different form. The book thus provides both the inside out and the outside in perspective. It will prove invaluable for the political scientist, the economic historian and the lawyer alike. Petros C. Mavroidis, Edwin B. Parker Professor of Law, Columbia Law School, US and University of Neuchatel, Switzerland & CEPR This book represents a significant scholarly contribution to the field of international political economy, with particular respect to the evolution of the multilateral trading system. The author engages effectively with the current debate concerning the conflict between the legalistic foundations of the multilateral trading system underpinned by the equality of nation states and the demands for fair trade on the basis of inter-personal equity. It is a coherent and well-researched book on a critically important issue that has not received the significant attention that it deserves within the field of international trade policy. Robert Read, Lancaster University Management School, UK In an international context, fairness is particularly important, since only a system which is perceived by its participants as fair can command acceptance and compliance. The main focus of this study is to investigate the development of the notion of fairness in US trade policy and law as well as the impact this notion has on international trade discussions and rule-making, and especially on the formation of the multilateral trade regime. The contention of the author, Americo Beviglia Zampetti, is that fairness concerns, which have been present in the US trade policy debates and treaty practice since the Republic s inception, have contributed to shaping these debates and practice over the years, both at home and abroad. These concerns were
Download or read book Fairness and Competence in Citizen Participation written by Ortwin Renn and published by Springer Science & Business Media. This book was released on 1995-10-31 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: A vital issue facing the citizens and governments of modern democracies is the direct participation of the public in the solution of environmental problems. Governments are increasingly experimenting with approaches that give citizens a greater say in the environmental debate. Fairness and Competence in Citizen Participation addresses a crucial question: How can we measure the performance of the citizen participation process? A novel approach to the problem is taken by viewing public participation as an act of communication. Drawing on Jürgen Habermas' Critical Theory of Communication, a normative framework is developed around the central area of citizen participation and competence in knowledge verification. A milestone on the road of citizen participation and applied critical theory, the book provides a sound theoretical and methodological basis for the systematic evaluation of models for environmental discourse. Eight models of citizen participation are studied, from North America and Europe. Each model is evaluated and criticized in paired chapters written by prominent scholars. Audience: Planners and citizens alike will find pragmatic advice in the evaluations.
Download or read book Water Resources and Environmental Engineering I written by Maheswaran Rathinasamy and published by Springer. This book was released on 2018-09-01 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is a compilation of the papers presented in the International Conference on Emerging Trends in Water Resources and Environmental Engineering (ETWREE 2017). The high quality papers are written by research scholars and academicians of prestigious institutes across India. The book discusses the challenges of water management due to misuse or abuse of water resources and the ever mounting challenges on use, reuse and conservation of water. It also discusses issues of water resources such as water quantity, quality, management and planning for the benefits of water resource scientists, faculties, policy makers, stake holders working in the water resources planning and management. The research content discussed in the book will be helpful for engineers to solve practical day to day problems related to water and environmental engineering.
Download or read book Microtheory written by William J. Baumol and published by MIT Press. This book was released on 1986 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume of seventeen previously published essays by William J. Baumol brings together work on the theory of contestable markets, welfare theory, antitrust, pricing, and the history of economic thought. Written between 1971 and 1983, they have sparked productive extensions and criticism in microeconomic theory and provide an engaging intellectual history of one of the leading figures in the field of economics. Baumol introduces each of the book's four parts, presenting his subsequent views on the subjects covered in the reprinted articles, including some important amendments.The book opens with an autobiographical essay that presents the intellectual climate of economics in the 1940s in which Kenneth Arrow, Frank Hahn, Martin Shubik, Otto Eckstein, and Gary Becker were beginning their careers. Baumol's introductory essays to the book's major sections take up the threads from this autobiographical piece and follow them to the development of concepts central to economic theory, applications, and methodology.Three essays in the first part provide an underpinning for the theory of contestable markets. In the second part five essays explore issues in welfare economics such as the role of diminishing and increasing returns may play the role of symmetric obstacles to Pareto optimality. Essays in the third part range from regulation and antitrust to urban economics to the Phillips curve and the pitfalls of using, in the analysis of real issues, dual values derived from linear models when the underlying reality is nonlinear. Those in the concluding part focus on the history of economic ideas such as the Smithian versus Marxian view of business morality and the social interest, the Marxian concept of value transformation, the iron law of wages, and Say's law.William J. Baumol is Professor of Economics by joint appointment at Princeton University and New York University.
Download or read book Approaching Equality written by Roger A. McCain and published by Edward Elgar Publishing. This book was released on 2017-05-26 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on some recent research (especially that of Piketty and his associates) and on older ideas (particularly from Sir Arthur Lewis), Roger McCain proposes policies that, together, would aim to reverse the observed tendency towards the concentration of wealth in market economies, thus ‘approach equality.’ The shortcomings and dangers of rising wealth inequality are discussed, both from the point of view of increasing instability and of equalitarian values.
Download or read book Equity and Efficiency in Economic Development written by Donald J. Savoie and published by McGill-Queen's Press - MQUP. This book was released on 1992-10-16 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ideological foundations of the contributors range from personalized neo-Marxism, through "extreme centre" neo-Keynesianism, to hard-line neoclassical mathematical economics. Despite this diversity there is a surprising degree of consensus. No contributor advocates centralized planning and none expects a free market to cure all economic ills. Opinions vary as to how well the market actually works, but all agree that equity and efficiency are essential goals which most consider to be complementary rather than mutually exclusive. In the concluding chapter it is suggested that current economic problems are caused not so much by government intervention as by the nature of that intervention. The authors believe that the recent ideological convergence may lead to a new paradigm, a theory of the optimal blend of market and management that will be flexible enough to deal with the varying conditions of diverse societies, thus simplifying the task of creating a smooth-running global economy. The contributors are Irma Adelman, Mark Blaug, Kenneth Boulding, Irving Brecher, Albert Breton, John S. Chipman, André Gunder Frank, Martha Fuentes Frank, Niles Hansen, Murray C. Kemp, Robin Marris, Richard Musgrave, Walt Rostow, Donald J. Savoie, Nicholas Spulber, and Paul Streeten. Higgins himself contributes a chapter on basic concepts and collaborates with Donald Savoie on the final chapter.
Download or read book Half a Century of Inspirational Research written by Wojciech Penczek and published by IOS Press. This book was released on 2007 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Honors Professor Antoni Mazurkiewicz, who during his long scientific career made fundamental contributions to theoretical computer science. This book includes contributions, which span a range of research areas, including the theory of programming, models of concurrent and distributed systems, and (de)composition methods for Pietri nets.
