Fairness versus Welfare: Notes on the Pareto Principle, Preferences, and Distributive Justice

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Fairness versus Welfare: Notes on the Pareto Principle, Preferences, and Distributive Justice

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dc.contributor.author Kaplow, Louis
dc.contributor.author Shavell, Steven
dc.date.accessioned 2014-05-19T16:05:47Z
dc.date.issued 2003
dc.identifier.citation Louis Kaplow & Steven Shavell, Fairness versus Welfare: Notes on the Pareto Principle, Preferences, and Distributive Justice, 32 J. Legal Stud. 331 (2003). en_US
dc.identifier.issn 0047-2530 en_US
dc.identifier.uri http://nrs.harvard.edu/urn-3:HUL.InstRepos:12206464
dc.description.abstract In Fairness versus Welfare, we advance the thesis that social policies should be assessed entirely on the basis of their effects on individuals’ well‐being. This thesis implies that no independent weight should be accorded to notions of fairness (other than many purely distributive notions). We support our thesis in three ways: by demonstrating how notions of fairness perversely reduce welfare, indeed, sometimes everyone’s well‐being; by revealing numerous other deficiencies in the notions, including their lack of sound rationales; and by providing an account of notions of fairness that explains their intuitive appeal in a manner that reinforces the conclusion that they should not be treated as independent principles in policy assessment. In this essay, we discuss these three themes and comment on issues raised by Richard Craswell, Lewis Kornhauser, and Jeremy Waldron. en_US
dc.language.iso en_US en_US
dc.publisher University of Chicago Press en_US
dc.relation.isversionof http://dx.doi.org/10.1086/345679 en_US
dc.relation.hasversion http://www.jstor.org/stable/10.1086/345679 en_US
dc.relation.hasversion http://www.law.harvard.edu/faculty/shavell/pdf/32_J_Legal_Stud_331.pdf en_US
dash.license LAA
dc.title Fairness versus Welfare: Notes on the Pareto Principle, Preferences, and Distributive Justice en_US
dc.type Journal Article en_US
dc.description.version Version of Record en_US
dc.relation.journal Journal of Legal Studies en_US
dash.depositing.author Kaplow, Louis
dc.date.available 2014-05-19T16:05:47Z

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