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Away From Distributive Justice, Towards Collective Responsibility
Sat, Aug 30 2008 2:52 AM

Here's another cool Hayek quote, from chapter 5 of his New Studies in Philosophy, Politics, Economics and the History of Ideas , entitled "The Atavism of Social Justice": "...there can be no distributive justice where no one distributes. Justice has meaning only as a rule of human conduct, and no conceivable rules for the conduct of individuals... Read More...

by Donny with an A | with no comments

Filed under: Justice, Equality, Economics, Collective Duties

Does the Fact that Individuals Discount Entail the Existence of a Social Discount Rate?
Fri, Feb 15 2008 4:09 PM

[Cross-posted on the parent blog ] In my last post , I discussed the idea of discounting as it relates to cost-benefit analysis. I reached the conclusion that discounting treats future people's interests as if they were less significant than our own, and that if cost-benefit analysis aims to make people the best off, then this seems like a bad practice. I... Read More...

by Donny with an A | 6 comment(s)

Filed under: Justice, Equality, Discounting, Climate Change, Economics

Cost-Benefit Analysis, Discounting, and Climate Change
Thu, Feb 14 2008 10:29 PM

[Cross-posted on the parent blog ] I wrote a paper last semester on the notion of discounting future damage (I'll explain what this means below), and I wanted to revisit the issue now that I've done a little more research, to see if I still agree with what I wrote then. Basically, my paper examined how our views of the proper role of discounting are dependent... Read More...

by Donny with an A | 1 comment(s)

Filed under: Justice, Equality, Discounting, Climate Change, Economics