The Economics of Rights, Co-operation, and Welfare
The Economics of Rights, Co-operation, and Welfare

Author: Robert Sugden

Publisher: Wiley-Blackwell

Published: 1986

Total Pages: 204

ISBN-13: 9780631144496

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This is a new edition - with a substantial new introduction - of a book which has had a significant impact on economics, philosophy and political science. Robert Sugden shows how conventions of property, mutual aid, and voluntary supply of public goods can evolve spontaneously out of the interactions of self-interested individuals, and can become moral norms. Sugden was among the first social scientists to use evolutionary game theory. His approach remains distinctive in emphasizing psychological and cultural notions of salience.

The Community of Advantage
The Community of Advantage

Author: Robert Sugden

Publisher: Oxford University Press

Published: 2018-06-13

Total Pages: 468

ISBN-13: 019255879X

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The Community of Advantage asks how economists should do normative analysis. Normative analysis in economics has usually aimed at satisfying individuals' preferences. Its conclusions have supported a long- standing liberal tradition of economics that values economic freedom and views markets favourably. However, behavioural research shows that individuals' preferences, as revealed in choices, are often unstable, and vary according to contextual factors that seem irrelevant for welfare. Robert Sugden proposes a reformulation of normative economics that is compatible with what is now known about the psychology of choice. The growing consensus in favour of paternalism and 'nudging' is based on a very different way of reconciling normative economics with behavioural findings. This is to assume that people have well-defined 'latent' preferences which, because of psychologically-induced errors, are not always revealed in actual choices. The economist's job is then to reconstruct latent preferences and to design policies to satisfy them. Challenging this consensus, The Community of Advantage argues that latent preference and error are psychologically ungrounded concepts, and that economics needs to be more radical in giving up rationality assumptions. Sugden advocates a kind of normative economics that does not use the concept of preference. Its recommendations are addressed, not to an imagined 'social planner', but to citizens, viewed as potential parties to mutually beneficial agreements. Its normative criterion is the provision of opportunities for individuals to participate in voluntary transactions. Using this approach, Sugden reconstructs many of the normative conclusions of the liberal tradition. He argues that a well-functioning market economy is an institution that individuals have reason to value, whether or not their preferences satisfy conventional axioms of rationality, and that individuals' motivations in such an economy can be cooperative rather than self-interested.

Collective Choice and Social Welfare
Collective Choice and Social Welfare

Author: Amartya Sen

Publisher: Harvard University Press

Published: 2018-05-17

Total Pages: 641

ISBN-13: 0674919211

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Originally published in 1970, this classic study has been recognized for its groundbreaking role in integrating economics and ethics, and for its influence in opening up new areas of research in social choice, including aggregative assessment. It has also had a large influence on international organizations, including the United Nations, notably in its work on human development. The book showed that the “impossibility theorems” in social choice theory—led by the pioneering work of Kenneth Arrow—do not negate the possibility of reasoned and democratic social choice. Sen’s ideas about social choice, welfare economics, inequality, poverty, and human rights have continued to evolve since the book’s first appearance. This expanded edition preserves the text of the original while presenting eleven new chapters of fresh arguments and results. “Expanding on the early work of Condorcet, Pareto, Arrow, and others, Sen provides rigorous mathematical argumentation on the merits of voting mechanisms...For those with graduate training, it will serve as a frequently consulted reference and a necessity on one’s book shelf.” —J. F. O’Connell, Choice

The Economics of Rights, Co-operation and Welfare
The Economics of Rights, Co-operation and Welfare

Author: R. Sugden

Publisher: Springer

Published: 2004-10-01

Total Pages: 259

ISBN-13: 0230536794

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This is a new edition - with a substantial new introduction - of a book which has had a significant impact on economics, philosophy and political science. Robert Sugden shows how conventions of property, mutual aid, and voluntary supply of public goods can evolve spontaneously out of the interactions of self-interested individuals, and can become moral norms. Sugden was among the first social scientists to use evolutionary game theory. His approach remains distinctive in emphasizing psychological and cultural notions of salience.

An Introduction to Modern Welfare Economics
An Introduction to Modern Welfare Economics

Author: Per-Olov Johansson

Publisher: Cambridge University Press

Published: 1991-08-22

Total Pages: 194

ISBN-13: 9780521356954

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This is the first book in welfare economics to be primarily intended for undergraduates and non-specialists. Concepts such as Pareto optimality in a market economy, the compensation criterion, and the social welfare function are explored in detail. Market failures are analysed by using different ways of measuring welfare changes. The book also examines public choice, and the issues of provision of public goods, median voter equilibrium, government failures, efficient and optimal taxation, and intergenerational equity. The three final chapters are devoted to applied welfare economics: methods for revealing people's preferences, cost-benefit analysis, and project evaluation in a risky world. The book is intended for introductory and intermediate courses in welfare economics, microeconomics, and public economics. It will also be suitable for courses in health economics, environmental economics, and cost-benefit analysis, as well as those undertaking project evaluations in government agencies and private firms.

Property Rights
Property Rights

Author: Terry L. Anderson

Publisher: Princeton University Press

Published: 2003

Total Pages: 412

ISBN-13: 9780691099989

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In the end, the book provides a fresh, comprehensive overview of an intriguing subject, accessible to anyone with a minimal background in economics. (An introductory chapter introduces the handful of assumptions embedded in the text's economics and law).

The Civic Minimum
The Civic Minimum

Author: Stuart White

Publisher: OUP Oxford

Published: 2003-02-20

Total Pages: 300

ISBN-13: 0191522406

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Many governments today are engaged in far-reaching programs of 'welfare reform'. But what would a just program of welfare reform consist in? Is the current emphasis on linking welfare 'rights' to 'responsibilities' justifiable? In this book, Stuart White reconsiders the principles of economic citizenship appropriate to a democratic society, and explores the radical implications of these principles for public policy. According to White, justice demands that economic cooperation satisfy a standard of 'fair reciprocity'. Against a background of institutions that are sufficiently just in other respects, those citizens who share in the social product have an obligation to make a productive contribution back to the community in return: every citizen should 'do her bit'. While prominent in the work of many past egalitarian thinkers, this duty to contribute has not received much attention in recent political theory. White seeks to redress this neglect, and to show why and how the claims of reciprocity should be integrated with other important concerns that have featured more prominently in recent literature. These include the concerns to prevent brute luck disadvantage and economic vulnerability. From the standpoint of fair reciprocity, it is not necessarily unjust to link welfare rights with the performance of work-related responsibilities. But the justice of such a linkage depends on how far economic institutions meet other requirements of justice. In policy terms, fair reciprocity thus calls for a generous 'civic minimum' in which work-related welfare benefits are complemented by other policies designed to prevent poverty and vulnerability, secure opportunity for meaningful work, and eliminate class-based inequalities in educational opportunity and inherited wealth. In concluding, White contests the fashionable view that egalitarian reform is unfeasible in contemporary circumstances. The philosophy of fair reciprocity provides the basis for a new public conversation about economic citizenship, in which all citizens - not just those currently amongst the welfare poor - are encouraged to confront their responsibility to others.

Cooperation & Coercion
Cooperation & Coercion

Author: Antony Davies

Publisher: Open Road Media

Published: 2020-03-31

Total Pages: 188

ISBN-13: 1504063473

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There are only two ways that humans work together: they cooperate with one another, or they coerce one another. And once you realize this fundamental fact, it will change how you see the world. In this myth-busting book, Antony Davies and James R. Harrigan display the wisdom and talent for explaining complex topics that have attracted a devoted audience to their weekly podcast, Words & Numbers, and made them popular speakers around the country. By looking for cooperation and coercion in everyday life, they help make sense of a wide range of issues that dominate the public debate. You’ll come away from this book with a clear understanding of everything from the minimum wage to taxes, from gun control to government regulations, from the War on Terror to the War on Drugs to the War on Poverty. It turns out that coercion is necessary . . . sometimes. Even in a democracy, we all abide by rules, including plenty that we don’t agree with, in the name of getting along. But in the end, Davies and Harrigan show, cooperation without question is the key to human happiness and progress. The more we encourage it, the better off we all are. Cooperation & Coercion cuts through heated partisan debates to provide a refreshingly clear and comprehensive understanding of the way the world works.