An economics-based rationale for the rawlsian social welfare program

Research output: Contribution to journalArticlepeer-review

Abstract

We show that a social planner who seeks to allocate a given sum in order to reduce efficiently the social stress of a population, as measured by the aggregate relative deprivation of the population, pursues a disbursement procedure that is identical to the procedure adhered to by a Rawlsian social planner who seeks to allocate the same sum in order to maximize the Rawlsian maximin-based social welfare function. Thus, the constrained minimization of aggregate relative deprivation constitutes an economics-based rationale for the philosophy-based constrained maximization of the Rawlsian social welfare function.

Original languageEnglish
Pages (from-to)179-186
Number of pages8
JournalResearch on Economic Inequality
DOIs
StatePublished - 2020
Externally publishedYes

Keywords

  • Aggregate relative deprivation (ARD)
  • An algorithm of cost-effective policy response to ARD
  • Congruence of the algorithm with the Rawlsian social welfare program
  • Rawlsian social welfare function
  • Social stress

Fingerprint

Dive into the research topics of 'An economics-based rationale for the rawlsian social welfare program'. Together they form a unique fingerprint.

Cite this