Economics at your fingertips  

Exploitation and Efficiency

Elias Khalil ()

The Review of Black Political Economy, 2017, vol. 44, issue 3, 363-377

Abstract: Abstract Let us take any historical or contemporary economic society. Would economic efficiency become better if such society erects and enforces institutions that prohibit its members from the exploitation of excludable groups that can be defined by race, ethnicity, etc.? This question actually makes no sense. One must first identity the boundary of society, i.e., who make up the objective function. Irrespective of how one defines efficiency, one cannot assess the efficiency of institutions without determining who is covered and who is excluded. Efficiency judgments can make sense only when one defines the social boundary.

Keywords: Hicks-Kaldor Welfare Criterion; Injustice; Collective Welfare Function; Altruism; Radical Social Theory; Inter-society Utility Comparison; Externality vs. Pecuniary Externality (search for similar items in EconPapers)
JEL-codes: N00 A13 B41 D71 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from

Access Statistics for this article

The Review of Black Political Economy is currently edited by C. Conrad

More articles in The Review of Black Political Economy from Springer, National Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla ().

Page updated 2019-07-29
Handle: RePEc:spr:blkpoe:v:44:y:2017:i:3:d:10.1007_s12114-017-9263-z