Chapter

Initial Equality

Colin M. Macleod

in Liberalism, Justice, and Markets

Published in print July 1998 | ISBN: 9780198293972
Published online November 2003 | e-ISBN: 9780191599798 | DOI: http://dx.doi.org/10.1093/0198293976.003.0002
 Initial Equality

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Examines Dworkin's claim that what justice requires by way of an initial distribution of resources can be established by considering the operation of an ideal market. The special auction device used by Dworkin to articulate his theory of equality of resources fails because it does not display adequate sensitivity to the conditions under which preferences for goods expressed in even ideal market settings assume ethical significance.

Keywords: auction; distribution; endorsement constraint; envy test; equality of resources; justice; market; opportunity costs; preference formation; preferences

Chapter.  10315 words. 

Subjects: Political Theory

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