Fairness failure

.

Chapter 9 in Neoliberal Social Justice, 2021, pp 94-109 from Edward Elgar Publishing

Abstract: How are social resources to be distributed in a liberal community? Inspired by Richard Musgrave, Rawls adopts a public finance approach to public economics. This presumes that a public administration subject to democratic oversight can be readily deployed to achieve both allocative efficiency and distributive fairness. By contrast, markets are expected to fail when facing public goods problem or other externalities. The problem with this account is that it does not consider a core insight of public choice: parallel failings can emerge in the process of democratic decision-making. I illustrate these failings with a thought experiment called ‘Vicious neighbourhood’ and explain how property-based solutions can remedy externalities in way that is fairer than majoritarian democracy.

Keywords: Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.elgaronline.com/view/9781800374539.00017.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

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: https://EconPapers.repec.org/RePEc:elg:eechap:20140_9

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().