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I - Basics

Published online by Cambridge University Press:  05 January 2013

Marc Fleurbaey
Affiliation:
Université de Paris V
François Maniquet
Affiliation:
Université Catholique de Louvain, Belgium
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Summary

This first part of this book is an introduction to the approach that is developed. Its first aim is to help the reader understand where the approach lies in the broad field of normative economics; the first chapter reviews the various subdomains of the field to highlight the main differences. Its main point is to show that our approach is the only one that combines various features that are scattered in various classical approaches. Fundamentally, this approach opens a working space at the intersection of social choice theory and fair allocation theory. Like the former, it constructs rankings of all possible alternatives; like the latter, it involves fairness principles about resource allocation rather than interpersonal comparisons of utility; like both theories, it puts the Pareto principle, the ideal of respecting individual preferences, first in the order of priorities. The expression “fair social choice” is often used as a name for the approach.

The second and third chapters introduce general results that appear to be common to all models that have been studied so far. These results are striking and somewhat counterintuitive. The first is that there is a tension between the Pareto principle and the deceptively simple idea that an agent who has more in all dimensions than another, such as one who consumes more of all commodities, is necessarily better off and should transfer some of the surplus to the other agent.

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Publisher: Cambridge University Press
Print publication year: 2011

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  • Basics
  • Marc Fleurbaey, Université de Paris V, François Maniquet, Université Catholique de Louvain, Belgium
  • Book: A Theory of Fairness and Social Welfare
  • Online publication: 05 January 2013
  • Chapter DOI: https://doi.org/10.1017/CBO9780511851971.003
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  • Basics
  • Marc Fleurbaey, Université de Paris V, François Maniquet, Université Catholique de Louvain, Belgium
  • Book: A Theory of Fairness and Social Welfare
  • Online publication: 05 January 2013
  • Chapter DOI: https://doi.org/10.1017/CBO9780511851971.003
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Basics
  • Marc Fleurbaey, Université de Paris V, François Maniquet, Université Catholique de Louvain, Belgium
  • Book: A Theory of Fairness and Social Welfare
  • Online publication: 05 January 2013
  • Chapter DOI: https://doi.org/10.1017/CBO9780511851971.003
Available formats
×