JournalTOCs

Economics and Philosophy
Journal Prestige (SJR): 0.622

Citation Impact (citeScore): 1
Number of Followers: 19

Hybrid journal (It can contain Open Access articles)
ISSN (Print) 0266-2671 - ISSN (Online) 1474-0028
Published by Cambridge University Press

[353 journals]

EAP volume 38 issue 1 Cover and Front matter
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  Pages: 1 - 2
  PubDate: 2022-02-09
  DOI: 10.1017/S0266267122000013
EAP volume 38 issue 1 Cover and Back matter
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  Pages: 1 - 9
  PubDate: 2022-02-09
  DOI: 10.1017/S0266267122000025
The Principle of Merit and the capital-labour split
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  Authors: von Platz; Jeppe
  Pages: 1 - 23
  Abstract: Some meritocratic defenders of capitalism rely on the principle that cooperators should receive a share of the product commensurate with their contribution. However, such defences of capitalism fail due to a dilemma. Either they rely on an understanding of contribution that arguably will be reflected by the capital-labour split in suitably idealized capitalist economies, but cannot serve as a plausible standard of merit; or they rely on an interpretation of contribution that is a plausible standard of merit, but which won’t tend to be reflected by the capital-labour split in capitalist economies.
  PubDate: 2021-02-23
  DOI: 10.1017/S0266267120000450
Biased preferences equilibrium
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  Authors: Rubinstein; Ariel, Wolinksy, Asher
  Pages: 24 - 33
  Abstract: We model economic environments in which individual choice sets are fixed and the level of a specific parameter that systematically modifies the preferences of all agents is determined endogenously to achieve equilibrium. The equilibrium concept, Biased Preferences Equilibrium, is reminiscent of competitive equilibrium: agents’ choice sets and their preferences are independent of the behaviour of other agents, the combined choices must satisfy overall feasibility constraints and the endogenous adjustment of the equilibrating preference parameter is analogous to equilibrating price adjustment. The concept is applied in a number of economic examples.
  PubDate: 2021-02-24
  DOI: 10.1017/S0266267120000462
What’s in, what’s out' Towards a rigorous definition of the
boundaries of benefit-cost analysis
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  Authors: Acland; Daniel
  Pages: 34 - 50
  Abstract: Benefit-cost analysis (BCA) is typically defined as an implementation of the potential Pareto criterion, which requires inclusion of any impact for which individuals have willingness to pay (WTP). This definition is incompatible with the exclusion of impacts such as rights and distributional concerns, for which individuals do have WTP. I propose a new definition: BCA should include only impacts for which consumer sovereignty should govern. This is because WTP implicitly preserves consumer sovereignty, and is thus only appropriate for ‘sovereignty-warranting’ impacts. I compare the high cost of including non-sovereignty-warranting impacts to the relatively low cost of excluding sovereignty-warranting impacts.
  PubDate: 2021-02-24
  DOI: 10.1017/S0266267120000486
Social choice problems with public reason proceduralism
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  Authors: Kugelberg; Henrik D.
  Pages: 51 - 70
  Abstract: Most political liberals argue that only rules, policies and institutions that are part of society’s basic structure need to be justified with so-called public reasons. Laws enacted outside this set are legitimate if and when public reasons can justify the procedure that selects them. I argue that this view is susceptible to known problems from social choice theory. However, there are resources within political liberalism that could address them. If the scope of public reason is extended beyond the basic structure it could order people’s preferences in a way that circumvents the identified issues.
  PubDate: 2021-02-24
  DOI: 10.1017/S0266267120000498
The half life of economic injustice
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  Authors: Miles; David
  Pages: 71 - 107
  Abstract: This paper addresses a question which is fundamental to the perceived legitimacy of the distribution of resources today: to what extent does unfairness in how assets came to be acquired in the past affect incomes and wealth now' To answer that question requires two things: first, a principle to determine what is, and what is not, a just acquisition of wealth or a just source of income; second, a means of using that principle to estimate what fraction of wealth and income is now unjust. I use a principle put forward by Robert Nozick to provide the first of these things and then use a model of wealth accumulation and economic growth to illustrate its implications for the scale of unfairness today. The greater is depreciation of assets, the higher are saving rates out of labour income and the less important is human capital the more transient are the effects of past economic injustices. I use data on the perceived unfairness of economic outcomes to see if there is any evidence that those features which the model implies should influence the durability of injustice help explain cross-country differences in attitudes towards unfairness.
  PubDate: 2021-03-25
  DOI: 10.1017/S0266267121000031
Good reasons for losers: lottery justification and social risk
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  Authors: Spiekermann; Kai
  Pages: 108 - 131
  Abstract: Many goods are distributed by processes that involve randomness. In lotteries, randomness is used to promote fairness. When taking social risks, randomness is a feature of the process. The losers of such decisions ought to be given a reason why they should accept the outcome. Surprisingly, good reasons demand more than merely equal ex ante chances. What is also required is a true statement of the form: ‘the result could easily have gone the other way and you could have been the winner’. This rules in standard lotteries but rules out many lotteries based on merely epistemic probability.
  PubDate: 2021-04-12
  DOI: 10.1017/S0266267121000043
The Samaritan’s Curse: moral individuals and immoral groups
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  Authors: Basu; Kaushik
  Pages: 132 - 151
  Abstract: In this paper, I revisit the question of how and in what sense can individuals comprising a group be held responsible for morally reprehensible behaviour by that group. The question is tackled by posing a counterfactual: what would happen if selfish individuals became moral creatures' A game called the Samaritan’s Curse is developed, which sheds light on the dilemma of group moral responsibility, and raises new questions concerning ‘conferred morality’ and self-fulfilling morals, and also forces us to question some implicit assumptions of game-theory.
  PubDate: 2021-04-28
  DOI: 10.1017/S0266267121000067
Moral Uncertainty, by William MacAskill, Krister Bykvist and Toby Ord.
Oxford University Press, 2020, viii + 226 pages
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  Authors: Pivato; Marcus
  Pages: 152 - 158
  PubDate: 2021-06-23
  DOI: 10.1017/S0266267121000122
Global Health Impact: Extending Access to Essential Medicines, Nicole
Hassoun . Oxford University Press, 2020, xv + 301 pages.
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  Authors: Malmqvist; Erik
  Pages: 158 - 164
  PubDate: 2021-06-28
  DOI: 10.1017/S0266267121000134
Rational Powers in Action: Instrumental Rationality and Extended Agency,
Sergio Tenenbaum . Oxford University Press, 2020, xii + 245 pages.
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  Authors: Bradley; Seamus
  Pages: 164 - 169
  PubDate: 2021-09-20
  DOI: 10.1017/S0266267121000237