By what criteria should public policy be evaluated? Fairness and justice? Or the welfare of individuals? Debate over this fundamental question has spanned the ages. Fairness versus Welfare poses a bold challenge to contemporary moral philosophy by showing that most moral principles conflict more sharply with welfare than is generally recognized. Fairness versus Welfare has profound implications for the theory and practice of policy analysis and has already generated considerable debate in academia.Also, because in firms many people work together and make joint decisions, there often simply does not exist a single individual or a small group of people who are deserving of punishment in the sense intended by various fairness notions. Moreover ... Nor do we want valuable products removed from the market because the firms that produce them cannot control their employees perfectly. 80. See, foranbsp;...
|Title||:||FAIRNESS VERSUS WELFARE|
|Author||:||Louis KAPLOW, Steven Shavell|
|Publisher||:||Harvard University Press - 2009-06-30|