Superfairness

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Superfairness

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Author : William J. Baumol
language : en
Publisher: MIT Press
Release Date : 1986

Superfairness written by William J. Baumol and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with Business & Economics categories.

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.

Equity And Efficiency In Economic Development

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Author : Benjamin Howard Higgins
language : en
Publisher: McGill-Queen's Press - MQUP
Release Date : 1992

Equity And Efficiency In Economic Development written by Benjamin Howard Higgins and has been published by McGill-Queen's Press - MQUP this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Business & Economics categories.

Argues that the collapse of Eastern European socialism may favour ideological convergence between divergent economic systems and lead to blend of market and planned systems capable to deal with the varying conditions of diverse societies.

Microeconomic Analysis Routledge Revivals

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Author : David Currie
language : en
Publisher: Routledge
Release Date : 2016-05-20

Microeconomic Analysis Routledge Revivals written by David Currie and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-20 with Business & Economics categories.

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.

Approaching Equality

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Author : Roger A. McCain
language : en
Publisher: Edward Elgar Publishing
Release Date : 2017-05-26

Approaching Equality written by Roger A. McCain and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-05-26 with Distribution (Economic theory) categories.

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.

Fairness In Antitrust

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Author : Adi Ayal
language : en
Publisher: Bloomsbury Publishing
Release Date : 2014-12-01

Fairness In Antitrust written by Adi Ayal and has been published by Bloomsbury Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-12-01 with Law categories.

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.

Political Economy Of Fairness

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Author : Edward E. Zajac
language : en
Publisher: MIT Press
Release Date : 1995

Political Economy Of Fairness written by Edward E. Zajac and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Business & Economics categories.

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.

Water Resources And Environmental Engineering I

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Author : Maheswaran Rathinasamy
language : en
Publisher: Springer
Release Date : 2018-09-01

Water Resources And Environmental Engineering I written by Maheswaran Rathinasamy and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-09-01 with Science categories.

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.

Fairness

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Author : Nicholas Rescher
language : en
Publisher: Routledge
Release Date : 2018-02-06

Fairness written by Nicholas Rescher and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-02-06 with Philosophy categories.

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.

Microtheory

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Author : William J. Baumol
language : en
Publisher: MIT Press
Release Date : 1986

Microtheory written by William J. Baumol and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with Business & Economics categories.

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.

Southern Economic Journal

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Author :
language : en
Publisher:
Release Date : 1996

Southern Economic Journal written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Economics categories.

Contains section : Book reviews.