Principles of Equity
This chapter elaborates and defends three basic principles of structural equity. A first requires that “losers” be compensated, in light of a proposed general conception of when a person or social class is harmed by trade. The second and third principles concern how the gains of trade are distributed, across and within societies. For reasons of “priority for the worse off,” departures from equality of gain are justifiable when unequal gains flow to developing countries. The chapter also challenges appeals to utilitarianism, economic liberty, legitimate expectations, equality of opportunity, fair-risk imposition, and “cosmopolitan” conceptions of fairness.
Keywords: harm, unemployment, compensation, transitional protections, social insurance, economic liberty, legitimate expectations, strict equality, priority for the worse off, risk imposition, risk assumption, reciprocity of risk, equality of opportunity, cosmopolitanism
Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
If you think you should have access to this title, please contact your librarian.