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A Theory of Fairness and Social Welfare Marc Fleurbaey

A Theory of Fairness and Social Welfare

Marc Fleurbaey

Published June 30th 2011
ISBN : 9780521715348
Paperback
293 pages
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 About the Book 

The definition and measurement of social welfare have been a vexed issue for the past century. This book makes a constructive, easily applicable proposal and suggests how to evaluate the economic situation of a society in a way that gives priority toMoreThe definition and measurement of social welfare have been a vexed issue for the past century. This book makes a constructive, easily applicable proposal and suggests how to evaluate the economic situation of a society in a way that gives priority to the worse-off and that respects each individuals preferences over his or her own consumption, work, leisure, and so on. This approach resonates with the current concern to go beyond the GDP in the measurement of social progress. Compared to technical studies in welfare economics, this book emphasizes constructive results rather than paradoxes and impossibilities, and shows how one can start from basic principles of efficiency and fairness and end up with concrete evaluations of policies. Compared to more philosophical treatments of social justice, this book is more precise about the definition of social welfare and reaches conclusions about concrete policies and institutions only after a rigorous derivation from clearly stated principles.