Economics Dictionary of Arguments

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Fairness: Fairness is the quality of being just and impartial. It is the principle of treating all people equally, regardless of their race, gender, religion, social status, or any other factor. See also Justice, Community, Behavior.
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Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

 
Author Concept Summary/Quotes Sources

Economic Theories on Fairness - Dictionary of Arguments

Gaus I 232
Fairness/distributive justice/Economic Theories/Lamont: (...) [an] approach to fairness, favoured by economists, has developed in the context of modern game theory. The most common strategy is to introduce an 'envy-free' requirement: a distribution is deemed fair when none of the relevant parties to the distribution are envious of others' allocations.
Microjustice: This and related notions of fairness are commonly applied to 'microjustice' issues which arise in more everyday or localized situations rather than distribution for the whole society (Baumol, 1986(1); Brams and Taylor, 1996(2); Le Grand, 1991(3); Varian, 1975(4); Young, 1994(5)). The difficulties these theories face is to specify real allocations satisfying the envy-free criterion, but which do not achieve this by unreasonable extensions of our everyday notion of being envy-free. Despite these difficulties, some theorists have extended the analysis within the broader context of bargaining theory to deal with the traditional problems of distributive justice (Barry, 1989(6); Binmore, 1994(7); 1998(8); Zajac, 1995(9)). This trend is likely to continue in the future with more engagement between economists, political theorists and philosophers. >Fairness/Political theories
, >Distributive justice.

1. Baumol, William J. (1986) Superfairness: Applications and Theory. Cambridge, MA: MIT Press.
2. Brams, Steven J. and Alan D. Taylor (1996) Fair Division: From Cake-Cutting to Dispute Resolution.
Cambridge: Cambridge University Press.
3. Le Grand, Julian (1991) Equity and Choice: An Essay in Economics and Applied Philosophy. London: Harper Collins.
4. Varian, Hal R. (1975) 'Distributive justice, welfare economics, and the theory of fairness'. Philosophy and Public Affairs, 4:223-47.
5. Young, H. Peyton (1994) Equity: In Theory and Practice. Princeton, NJ: Princeton University Press.
6. Barry, Brian (1989) Theories of Justice. Berkeley, CA: University of California Press.
7. Binmore, Ken (1994) Game Theory and the Social Contract. vol. 1, Playing Fair. Cambridge, MA: MIT Press.
8. Binmore, Ken (1998) Game Theory and the Social Contract. Vol. 2, Just Playing (Economic Learning and Social Evolution). Cambridge, MA: MIT Press.
9. Zajac, Edward E. (1995) Political Economy of Fairness. Cambridge, MA: MIT Press.

Lamont, Julian 2004. „Distributive Justice“. In: Gaus, Gerald F. & Kukathas, Chandran 2004. Handbook of Political Theory. SAGE Publications

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Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.
Economic Theories
Gaus I
Gerald F. Gaus
Chandran Kukathas
Handbook of Political Theory London 2004


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