Why Fairness Cannot Tell Us What to Do about Policy

Steven Suranovic

Chapter Chapter 4 in A Moderate Compromise, 2010, pp 67-85 from Palgrave Macmillan

Abstract: Abstract If we cannot identify who wins and loses, and we cannot measure outcomes very precisely, and we cannot compensate effectively, then how are we supposed to decide what to do? How are trade policies, or other public policies, to be chosen? One possible answer is provided by groups that have risen up in opposition to free trade and globalization. Many of them look upon economic theories and models with suspicion. They do not believe that economic efficiency is of utmost importance and remain unconvinced by empirical studies suggesting trade liberalization is a good thing. Instead, these groups unite around a call for social justice and fairness.

Keywords: Free Trade; Trade Policy; Foreign Firm; Policy Choice; Domestic Firm (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-11460-9_4

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DOI: 10.1057/9780230114609_4

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