Justice and Equity

Dive into the groundbreaking world of normative economics with "Justice and Equity," a seminal work by Serge-Christophe Kolm and Harold F. See. This reprint edition from The MIT Press (2002) meticulously explores the foundational principles that underpin our understanding of fairness, equality, and social welfare. More than just an economic treatise, "Justice and Equity" offers a deep philosophical inquiry into the very nature of justice and its implications for policy and societal structures. Kolm's rigorous analysis lays out the crucial role of ideal equalities, particularly in freedom (closely tied to the concept of non-envy) and happiness (effectively represented by the efficient leximin in fundamental utility). These concepts, meticulously developed within the book, have been instrumental in shaping subsequent research and debate within normative economics. Beyond these central tenets, the authors delve into related principles such as fundamental dominance and majorities, exploring the nuances of realistic equity and the importance of adequacies in resource allocation and social policy. This book is not merely a theoretical exercise; it grapples with the practical challenges of implementing just and equitable systems. Kolm meticulously analyzes the reasons behind these principles, their inherent properties, and the far-reaching consequences they entail. The work goes beyond simple prescriptions, offering a comprehensive framework for understanding the complexities of social justice in a modern world. The reprint edition includes a foreword that addresses the rational necessity of equality and presents a compelling theory of interpersonal comparisons, adding further depth to Kolms already rich arguments. Whether you're a seasoned economist, a political philosopher, a student exploring social theory, or simply someone passionate about creating a more just and equitable world, "Justice and Equity" provides the intellectual tools and profound insights needed to engage with these critical issues. This book is a cornerstone of economic thought, influential in shaping policy debates and continuing to inspire new generations of scholars and practitioners. It challenges readers to confront fundamental questions about fairness, justice, and the very foundations of a good society. Prepare to be intellectually stimulated and challenged by this rigorous and thought-provoking exploration of "Justice and Equity". This 275-page paperback offers a robust theoretical framework for any serious scholar in the fields of Economics, Philosophy, and Political Science.