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Toward a Theory of a Just Savings Principle

In: Intergenerational Equity and Sustainability

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  • Ngo Long

Abstract

The question of intergenerational equity has troubled many philosophers, economists and scientists concerned with social issues. Environmentalists have argued that the modern economies are destroying the environment and reducing biodiversity, at the expense of future generations. At the other pole, Immanuel Kant (1724–1804) found it disconcerting that earlier generations should carry the burdens for the benefits of later generations.1 In a similar vein, John Rawls expressed the opinion that ‘the utilitarian doctrine may direct us to demand heavy sacrifices of the poorer generations for the sake of greater advantages for later ones that are far better off. (…) Even if we cannot define a precise just savings principle, we should be able to avoid this sort of extremes.’2

Suggested Citation

  • Ngo Long, 2007. "Toward a Theory of a Just Savings Principle," International Economic Association Series, in: John Roemer & Kotaro Suzumura (ed.), Intergenerational Equity and Sustainability, chapter 15, pages 291-319, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-0-230-23676-9_15
    DOI: 10.1057/9780230236769_15
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    Cited by:

    1. Figuières, Charles & Long, Ngo Van & Tidball, Mabel, 2017. "The MBR intertemporal choice criterion and Rawls’ just savings principle," Mathematical Social Sciences, Elsevier, vol. 85(C), pages 11-22.
    2. Alvarez-Cuadrado, Francisco & Van Long, Ngo, 2009. "A mixed Bentham-Rawls criterion for intergenerational equity: Theory and implications," Journal of Environmental Economics and Management, Elsevier, vol. 58(2), pages 154-168, September.
    3. Walter Bossert & Kohei Kamaga, 2020. "An axiomatization of the mixed utilitarian–maximin social welfare orderings," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 69(2), pages 451-473, March.

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