To read the full version of this content please select one of the options below:

An Economics-Based Rationale for the Rawlsian Social Welfare Program

Inequality, Redistribution and Mobility

ISBN: 978-1-80043-040-2, eISBN: 978-1-80043-039-6

ISSN: 1049-2585

Publication date: 26 November 2020

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.

Keywords

Citation

Stark, O. (2020), "An Economics-Based Rationale for the Rawlsian Social Welfare Program", Rodríguez, J.G. and Bishop, J.A. (Ed.) Inequality, Redistribution and Mobility (Research on Economic Inequality, Vol. 28), Emerald Publishing Limited, Bingley, pp. 179-186. https://doi.org/10.1108/S1049-258520200000028007

Publisher

:

Emerald Publishing Limited

Copyright © 2021 Emerald Publishing Limited