Fairness in the Real World: Rules, Choices, Expectations and Policies

Peter W Abelson

Australian Economic Papers, 1987, vol. 26, issue 48, 1-19

Abstract: Economists can contribute more to the analysis of fairness and the evaluation of economic chang es than is conventionally believed. Difficulties with interpersonal comparisons are exaggerated, and reliance on abstract social welfare functions is excessive. More attention should be paid to fairness in the process of production and to existing rules, choices, and expe ctations. Policies that might be fair in an ideal state do not necess arily produce fair results in practice. Policy implications, such as compensation, delay strategies, and program evaluation, are discussed. Copyright 1987 by Blackwell Publishers Ltd/University of Adelaide and Flinders University of South Australia

Date: 1987
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