PO301 Lecture Notes - Lecture 17: Pareto Efficiency, Planned Economy, Justice As Fairness
Document Summary
But accepting the important of the ethos doesn"t mean accepting permission to brainwash or coerce. Cohen"s ideal society: cohen argues that we can reconcile equality and pareto optimality; and thus according to ability and need. Cohen doesn"t say a great deal; but might look something like carens" model - don"t want to move to command economy, making some decisions through market. Aim to maximise pre-tax income, with 100% income tax, and egalitarian distribution of income: bear in mind le allows inequality according to choices. Cohen isn"t sure we even want to allow this sort of inequality. Example of the camping trip - egalitarian ethos - all work as hard as possible and take roughly equal share of chores and food etc. But in this situation we still rectify inequalities based on choice - don"t starve people because lie in. Concedes we don"t yet understand how to shape economy to create altruistic egalitarian ethos.
