Modern Money Theory and Distributive Justice

Distributive Justice

Distributive justice concerns the fair, just or equitable distribution of benefits and burdens. These benefits and burdens span all dimensions of social life and assume all forms, including income, economic wealth, political power, taxation, work obligations, education, shelter, health care, military service, community involvement and religious activities. Thus, justice arguments are often invo...

Dentistry and distributive justice.

There is a growing concern in most countries to address the problem of inequities in health-care within the context of financial restraints on the public purse and the realities of health professions that are influenced strongly by the economic priorities of free-market economies. Dental professionals, like other health professionals, are well aware that the public expects oral health-related s...

Quarantines and distributive justice.

Fair Bargains: Distributive Justice and Nash Bargaining Theory

the Suppes-Sen dominance relation is a weak and widely accepted criterion of distributive justice. We propose its application to Nash bargaining theory. The Nash Bargaining Solution (NBS) is characterised by replacing the controversial Independence of Irrelevant Alternatives axiom with an axiom embodying the SuppesSen principle. More precisely, maximality in the Suppes-Sen relation is shown to ...

Progress in the Theory of Social Choice and Distributive Justice

By definition, “consequentialist” behaviour in finite decision trees is explicable by its consequences. Both cost-benefit tests and “consequentialist” choices of economic policy necessarily require distributional judgements. These should emerge from a social welfare objective incorporating interpersonal comparisons. To accommodate them, Arrow’s IIA condition should be weakened to independence o...