Behavioural politics: social insurance and mutual benefit in Robert Sugden’s The Community of Advantage

Francesco Guala ()
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Francesco Guala: Università Degli Studi Di Milano

International Review of Economics, No 0, 12 pages

Abstract: Abstract In The Community of Advantage, Robert Sugden advocates a system of universal social insurance to ensure that all citizens enjoy the benefits of market institutions. The Community of Advantage however does not shed light on the extent of redistribution that social insurance should provide. While the criterion of mutual advantage seems to licence only a minimal level of insurance, people’s expectations and collective bargaining power are likely to lead to a much more extensive redistribution. This is not necessarily a bad thing, since a well-functioning society is more than a well-functioning market economy. An extensive social insurance protects the rich, the poor, and, above all, the cooperative attitudes without which a democratic society cannot function well.

Keywords: Contractarianism; Justice; Social insurance (search for similar items in EconPapers)
JEL-codes: D63 D9 H1 (search for similar items in EconPapers)
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DOI: 10.1007/s12232-020-00353-x

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