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Political Economy of Fairness Book

Political Economy of Fairness
Political Economy of Fairness, How should the government balance the aims of justice and economic efficiency when intervening in the economy? In Political Economy of Fairness Edward Zajac seeks not only to raise the level of the fairness-economic efficiency debate, but to show both the, Political Economy of Fairness has a rating of 3 stars
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Political Economy of Fairness, How should the government balance the aims of justice and economic efficiency when intervening in the economy? In Political Economy of Fairness Edward Zajac seeks not only to raise the level of the fairness-economic efficiency debate, but to show both the, Political Economy of Fairness
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  • Political Economy of Fairness
  • Written by author Edward E. Zajac
  • Published by MIT Press, October 1996
  • How should the government balance the aims of justice and economic efficiency when intervening in the economy? In Political Economy of Fairness Edward Zajac seeks not only to raise the level of the fairness-economic efficiency debate, but to show both the
  • Political Economy of Fairness covers the main advances of fairness theory, providing a vocabulary of concepts and terms that will allow more efficient and informed communication about policy.
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Authors

Acknowledgments
IBasic Economic Concepts and Ideas1
2The Concept of Economic Efficiency11
3More Economic Concepts23
4Externalities and Public Goods35
5On Firms (Private or Public Organizations)45
6Risk and Incentives; Principal-Agent Theory55
IIFairness Theory67
7A Brief Intellectual History of the Economist's Current Ethical Outlook69
8Normative Theories I: John Rawls79
9Normative Theories II: Robert Nozick, Utilitarianism, and Superfairness91
10Positive Theories I: The Formal Principle of Distributive Justice and Institutional Framing101
11Positive Theories II: Perceived Economic Justice in Public Utility Regulation117
12Strategic Uses of Fairness129
IIINormative and Positive Economic Theories of Regulation139
13Public Interest (Normative) Economic Theories of Regulation141
14Interest Group (Positive) Economic Theories of Regulation: Incentive-Compatible Regulation157
IVCase Studies and Applications171
15Introduction to Part IV173
16Progressive Taxation191
17Unfair Pricing I: Cross-Subsidization203
18Unfair Pricing II: Predatory Pricing and Dumping - Whose Ox Is Being Gored?215
19Evaluating Assets Fairly: The Example of Public Utility Regulation227
20The Supreme Court's Struggle with Mergers and Breakups245
21Attempts to Break Out of the Regulatory Straitjacket, Fairly261
22Social Regulation: A Medley of the Power of the Media, Efficiency, Utilitarianism, and Individual Rights277
Glossary289
Notes295
References307
Index317


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Political Economy of Fairness, How should the government balance the aims of justice and economic efficiency when intervening in the economy? In Political Economy of Fairness Edward Zajac seeks not only to raise the level of the fairness-economic efficiency debate, but to show both the, Political Economy of Fairness

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