Justice and EquityeBook - 1997
A major work on the foundations of normative economics.
Justice and Equity is a major work on the foundations of normative economics. Theprinciples established by Kolm have formed the basis of the major lines of study in the field. Thecentral principles are the ideal equalities in freedom (related to non-envy) and in happiness(approximated by the efficient leximin in fundamental utility). Kolm also presents relatedprinciples such as fundamental dominance and majorities, realistic equity, and adequacies. Heanalyzes thoroughly the reasons, properties, and consequences of these principles. A foreword forthe English-language edition presents the rational necessity of equality and the theory ofinterpersonal comparisons.