Fairness Versus Welfare
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By what criteria should public policy be evaluated? Fairness and justice? Or the welfare of individuals? Debate over this fundamental question has spanned the a
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Summary of, and response to criticism of, the authors' book, Fairness versus welfare (Harvard University Press, 2002).
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The definition and measurement of social welfare have been a vexed issue for the past century. This book makes a constructive, easily applicable proposal and su
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Louis Kaplow and Steven Shavell recently argued in their article, "Fairness Versus Welfare" that legal decision-makers should exclusively apply welfare economic
