Justice and Equity

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9780262611794: Justice and Equity

A major work on the foundations of normative economics.

Justice and Equity is a major work on the foundations of normative economics. The principles established by Kolm have formed the basis of the major lines of study in the field. The central principles are the ideal equalities in freedom (related to non-envy) and in happiness (approximated by the efficient leximin in fundamental utility). Kolm also presents related principles such as fundamental dominance and majorities, realistic equity, and adequacies. He analyzes thoroughly the reasons, properties, and consequences of these principles. A foreword for the English-language edition presents the rational necessity of equality and the theory of interpersonal comparisons.

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About the Author:

Serge-Christophe Kolm is Professor and Director at the Institute for Advanced Studies in the Social Sciences, Paris. He is the author of thirty books and several hundred scientific articles in economics and other branches of social science.

Review:

A rich and very important contribution to welfare economics and political philosophy.

(Ashley Piggins, The Economic Journal)

Justice and Equity is one of the classics of the theory of fairness, and its long overdue translation into English belongs on the bookshelf of any serious scholar concerned with issues of distribution. Serge-Christophe Kolm has importantly contributed to laying the foundations of a theory that is conceptually coherent and operationally useful. Many of the ideas developed in Justice and Equity have now been incorporated in the fast-expanding literature on the subject, but there are still many gems to be mined in this beautiful little book.

(William Thomson, Professor of Economics)

This book is a major contribution to the theroy of superfairness and its generalization. It exhibits all of Kolm's well known originality of ideas and provides various new directions for the work of those interested in the rigorous analysis of fairness in economics. It will serve as a valuable source of ideas and a stimulus to the reader's thoughts.

(William J. Baumol, Professor and Director, C.V. Starr, Center New York University; Professor Emeritus, Princeton University)

The translation of Serge Kolm's seminal work into English has been long awaited by those working in this field. Kolm's cartesian analysis of distributive justice is a model of clarity and precision.

(Hal R. Varian, Dean, School of Information Management and Systems, University of California, Berkeley)

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Book Description MIT Press Ltd, United States, 2002. Paperback. Book Condition: New. Revised ed.. Language: English . Brand New Book. A major work on the foundations of normative economics. Justice and Equity is a major work on the foundations of normative economics. The principles established by Kolm have formed the basis of the major lines of study in the field. The central principles are the ideal equalities in freedom (related to non-envy) and in happiness (approximated by the efficient leximin in fundamental utility). Kolm also presents related principles such as fundamental dominance and majorities, realistic equity, and adequacies. He analyzes thoroughly the reasons, properties, and consequences of these principles. A foreword for the English-language edition presents the rational necessity of equality and the theory of interpersonal comparisons. Bookseller Inventory # BZV9780262611794

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