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A community of advantage or mutual respect?

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  • Shaun P. Hargreaves Heap

    (King’s College London)

Abstract

This paper reviews the points of continuity and change between Sugden’s new book and his classic from the 1980s, The Political Economy of Welfare, Rights and Cooperation. It argues that while his new responses to the ‘nudging’ revolution and rising inequality have sharpened his argument for, respectively, the economist as ‘contractarian’ adviser to citizenry model and his defence of the market as an institution of mutual benefit, the introduction of Adam Smith’s concept of ‘mutual sympathy’ is double-edged. It fills a psychological gap in Hume that is important for ‘contractarian’ proposals to citizenry, but it also suggests we might plausibly be interested in something more than mutual benefit when deciding what rules to be regulated by.

Suggested Citation

  • Shaun P. Hargreaves Heap, 2021. "A community of advantage or mutual respect?," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 68(1), pages 41-49, March.
    • Handle: RePEc:spr:inrvec:v:68:y:2021:i:1:d:10.1007_s12232-020-00355-9
    DOI: 10.1007/s12232-020-00355-9
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    References listed on IDEAS

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    1. Alexander W. Cappelen & James Konow & Erik ?. S?rensen & Bertil Tungodden, 2013. "Just Luck: An Experimental Study of Risk-Taking and Fairness," American Economic Review, American Economic Association, vol. 103(4), pages 1398-1413, June.
    2. Shaun Hargreaves Heap & Jonathan Tan & Daniel Zizzo, 2013. "Trust, inequality and the market," Theory and Decision, Springer, vol. 74(3), pages 311-333, March.
    3. Frey, Bruno S, 1997. "A Constitution for Knaves Crowds Out Civic Virtues," Economic Journal, Royal Economic Society, vol. 107(443), pages 1043-1053, July.
    4. Samuel Bowles & Sandra Polania-Reyes, 2012. "Economic Incentives and Social Preferences: Substitutes or Complements?," Journal of Economic Literature, American Economic Association, vol. 50(2), pages 368-425, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Mutual advantage; Mutual respect; Contractarian; Fairness;
    All these keywords.

    JEL classification:

    • D6 - Microeconomics - - Welfare Economics
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty

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