PHILOS 1B03 Lecture Notes - Lecture 7: Minimax
6 Oct 2016
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Maximin principle - being risk-averse, we want to ensure a society with the best worst case scenario, i. e. we want to maximize the minimum. Rawls believes that if you want to live in a society that you should be comfortable to know that you are living in the last case scenario society. Each person is to have an equal right to the most extensive scheme of equal basic liberties compatible with a similar scheme of liberty for others (257) Basic bargain that when we enter society we sacrifice some freedom to gain the benefits of society. Each person will have the same amount of freedom. Believes that you wouldn"t want a monarchy or aristocracy, oligarchy or slave society. No one knows what position they would be in. Only restraint would be if someone"s freedom limits someone else"s freedom. Social and economic inequalities are to be arranged so that they are both: reasonably expected to be everyone"s advantage.
