Economic Theories of Justice

Posted: 4 Sep 2019

See all articles by Marc Fleurbaey

Marc Fleurbaey

Princeton University - Woodrow Wilson School of Public and International Affairs

Date Written: August 2019

Abstract

Social justice considerations are incorporated into welfare economics via properties of the social welfare function and measures of individual utility. The ethical issues underlying various approaches are illustrated through intriguing paradoxes that have emerged in the literature. Such puzzles point to the tensions among certain important values (such as respecting preferences, giving priority to the worse off, personal responsibility, and informational simplicity) and suggest the relevant ways in which reasonable compromise can be sought. Welfare economics is now able to accommodate a large range of conceptions of justice, including utilitarianism and various forms of egalitarianism and libertarianism.

Suggested Citation

Fleurbaey, Marc, Economic Theories of Justice (August 2019). Annual Review of Economics, Vol. 11, pp. 665-684, 2019. Available at SSRN: https://ssrn.com/abstract=3445908 or http://dx.doi.org/10.1146/annurev-economics-080218-030429

Marc Fleurbaey (Contact Author)

Princeton University - Woodrow Wilson School of Public and International Affairs ( email )

Princeton University
Princeton, NJ 08544-1021
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Abstract Views
121
PlumX Metrics