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Why Fairness Cannot Tell Us What to Do about Policy

In: A Moderate Compromise

Author

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  • Steven Suranovic

Abstract

If we cannot identify who wins and loses, and we cannot measure outcomes very precisely, and we cannot compensate effectively, then how are we supposed to decide what to do? How are trade policies, or other public policies, to be chosen? One possible answer is provided by groups that have risen up in opposition to free trade and globalization. Many of them look upon economic theories and models with suspicion. They do not believe that economic efficiency is of utmost importance and remain unconvinced by empirical studies suggesting trade liberalization is a good thing. Instead, these groups unite around a call for social justice and fairness.

Suggested Citation

  • Steven Suranovic, 2010. "Why Fairness Cannot Tell Us What to Do about Policy," Palgrave Macmillan Books, in: A Moderate Compromise, chapter 0, pages 67-85, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-11460-9_4
    DOI: 10.1057/9780230114609_4
    as

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