General Equilibrium and Social Justice: Neoclassical Theory as Political Philosophy?
Type de matériel :
TexteLangue : français Détails de publication : 2013.
Sujet(s) : Ressources en ligne : Abrégé : This paper examines the willingness of some authors, including H. Varian in the 70’s, to elaborate a theory of justice that would fit standard general equilibrium theory in its Pareto canonical version. The paper first shows, through an analysis of market socialism in the 1930s, that the Paretian ethic is based on the value judgment of consumer sovereignty. Then the specific contribution of Varian is discussed. By introducing the criterion of equity as envy-freeness, Varian produced a (very specific) theory of justice that seems compatible with this value judgment and can stand at the heart of standard general equilibrium analysis.
Nous n'avons pas d'exemplaire de ce document
58
This paper examines the willingness of some authors, including H. Varian in the 70’s, to elaborate a theory of justice that would fit standard general equilibrium theory in its Pareto canonical version. The paper first shows, through an analysis of market socialism in the 1930s, that the Paretian ethic is based on the value judgment of consumer sovereignty. Then the specific contribution of Varian is discussed. By introducing the criterion of equity as envy-freeness, Varian produced a (very specific) theory of justice that seems compatible with this value judgment and can stand at the heart of standard general equilibrium analysis.
Réseaux sociaux