This essay is an inquiry into the fundamentals of contemporary liberalism. I defend the following claim: the premises of contemporary liberal theory cannot avoid referring to the ideal of equality of individuals in some way. equality is a principle to orga­ nize the fundamental level of the theory from which to derive the principles for organi­ zing liberal institutions. To support these claims...

In this paper we consider a repeated interaction between a manufacturing rm and a subcontractor. The moral hazard problem present in this relationship is aggravated by the fact that both parties do not have perfect knowledge about the base cost level of the project carried out by the subcontractor but only have identical a priori beliefs. Short term and long term contracts are compared in a two...

Researchers have attempted to integrate the fields of management and ethics for the past 50 years. Although the moral aspects of knowledge management have been studied, its philosophical attitude has been overshadowed. This work designs a philosophical background—in moral philosophy—for public knowledge management. To achieve the research goal, the relationships between human critical success f...

Over the past several years those who are opposed to some of the policies of the Israeli government, or even to the existence of the State, have proposed an academic boycott of Israel as one of the weapons in their campaign. In this article I want to consider whether the use of this weapon can be justified. In all moral discourse questions about justification have to be universalisable, so to d...

This introduces the symposium on sunspots and lotteries. Two stochastic generalequilibrium concepts, sunspot equilibrium (SE) and lottery equilibrium (LE), are compared. It is shown that, for some general, pure-exchange economies which allow for consumption nonconvexities or moral hazards, the set of LE allocations is equivalent to the set of SE allocations provided that the randomizing device ...

This paper investigates whether moral status talk gets us anywhere in our search for answers to questions in the ethics of marginal cases. I consider the usefulness of moral status talk first on the assumption that an individual’s possession of moral status is not a further fact about that individual, and then on the assumption that it is. Finally, I offer an expressivistic interpretation of mo...

When is it best for the Principal to commit not to disclosing all what she knows in moral hazard interactions. I show that whenever the agent would choose the same action under complete information at several distinct states, then full transparency can generically be improved upon. This implies that full transparency is generically suboptimal whenever the dimension of the information held by th...

We consider a model of occupational choice in large economies where individuals differ in their wealth endowment. Individuals can remain self-employed or engage in productive matches with another individual, i.e., form firms. Matches are subject to a moral hazard problem with limited liability. The division of the gains from such matches is determined by competitive forces. When the incentive p...

Those statements are quite brave: they also imply that there has not been our own guilt in producing a human being with such a scarse empathy and so sharpened an egoistic drive. Because, if it would be our fault, it would be quite unusual to be solved by ourselves. Obviously, to think of any kind and procedure of moral „enhancement,“ means to have very clear ideas on the absolute superiority of...