Institutional foundations for a just society

    Research output: Journal PublicationsJournal Article (refereed)

    2 Citations (Scopus)

    Abstract

    The author distinguishes between fundamental justice and incremental justice and argues that the Harsanyian/Rawlsian, ex ante, concept of justice is the only concept of justice relevant to the design and evaluation of institutions. Unlike incremental justice for which a concensus as to what constitutes justice is generally not possible the conditions that satisfy the Harsanyian/Rawlsian concept of justice are derived from the assumptions of rationality and aversion to large risks, and the postulate of fairness. A concensus occurs not fortuitously but inevitably. The paper develops eight principles of institutional design that contribute towards a just society and that follow logically from these assumptions and postulates. The paper argues that these principles are by and large needed for social welfare maximization, so that justice is generally consistent with efficiency. The paper applies the theory to the concept of exploitation, crime and punishment, as well as labour market and social security, to illustrate the working of the principles developed.
    Original languageEnglish
    Pages (from-to)627-643
    Number of pages17
    JournalThe Journal of Socio-Economics
    Volume26
    Issue number6
    DOIs
    Publication statusPublished - 1 Jan 1997

    Fingerprint

    justice
    Society
    social security
    social welfare
    fairness
    rationality
    exploitation
    penalty
    labor market
    offense
    efficiency
    evaluation

    Cite this

    @article{7aad8d3b57dc4243812bfb22359c83ba,
    title = "Institutional foundations for a just society",
    abstract = "The author distinguishes between fundamental justice and incremental justice and argues that the Harsanyian/Rawlsian, ex ante, concept of justice is the only concept of justice relevant to the design and evaluation of institutions. Unlike incremental justice for which a concensus as to what constitutes justice is generally not possible the conditions that satisfy the Harsanyian/Rawlsian concept of justice are derived from the assumptions of rationality and aversion to large risks, and the postulate of fairness. A concensus occurs not fortuitously but inevitably. The paper develops eight principles of institutional design that contribute towards a just society and that follow logically from these assumptions and postulates. The paper argues that these principles are by and large needed for social welfare maximization, so that justice is generally consistent with efficiency. The paper applies the theory to the concept of exploitation, crime and punishment, as well as labour market and social security, to illustrate the working of the principles developed.",
    author = "HO, {Lok Sang}",
    year = "1997",
    month = "1",
    day = "1",
    doi = "10.1016/S1053-5357(97)90062-7",
    language = "English",
    volume = "26",
    pages = "627--643",
    journal = "Journal of Behavioral and Experimental Economics",
    issn = "2214-8043",
    publisher = "Elsevier Inc.",
    number = "6",

    }

    Institutional foundations for a just society. / HO, Lok Sang.

    In: The Journal of Socio-Economics, Vol. 26, No. 6, 01.01.1997, p. 627-643.

    Research output: Journal PublicationsJournal Article (refereed)

    TY - JOUR

    T1 - Institutional foundations for a just society

    AU - HO, Lok Sang

    PY - 1997/1/1

    Y1 - 1997/1/1

    N2 - The author distinguishes between fundamental justice and incremental justice and argues that the Harsanyian/Rawlsian, ex ante, concept of justice is the only concept of justice relevant to the design and evaluation of institutions. Unlike incremental justice for which a concensus as to what constitutes justice is generally not possible the conditions that satisfy the Harsanyian/Rawlsian concept of justice are derived from the assumptions of rationality and aversion to large risks, and the postulate of fairness. A concensus occurs not fortuitously but inevitably. The paper develops eight principles of institutional design that contribute towards a just society and that follow logically from these assumptions and postulates. The paper argues that these principles are by and large needed for social welfare maximization, so that justice is generally consistent with efficiency. The paper applies the theory to the concept of exploitation, crime and punishment, as well as labour market and social security, to illustrate the working of the principles developed.

    AB - The author distinguishes between fundamental justice and incremental justice and argues that the Harsanyian/Rawlsian, ex ante, concept of justice is the only concept of justice relevant to the design and evaluation of institutions. Unlike incremental justice for which a concensus as to what constitutes justice is generally not possible the conditions that satisfy the Harsanyian/Rawlsian concept of justice are derived from the assumptions of rationality and aversion to large risks, and the postulate of fairness. A concensus occurs not fortuitously but inevitably. The paper develops eight principles of institutional design that contribute towards a just society and that follow logically from these assumptions and postulates. The paper argues that these principles are by and large needed for social welfare maximization, so that justice is generally consistent with efficiency. The paper applies the theory to the concept of exploitation, crime and punishment, as well as labour market and social security, to illustrate the working of the principles developed.

    UR - http://commons.ln.edu.hk/sw_master/399

    U2 - 10.1016/S1053-5357(97)90062-7

    DO - 10.1016/S1053-5357(97)90062-7

    M3 - Journal Article (refereed)

    VL - 26

    SP - 627

    EP - 643

    JO - Journal of Behavioral and Experimental Economics

    JF - Journal of Behavioral and Experimental Economics

    SN - 2214-8043

    IS - 6

    ER -