PHIL 320A Lecture Notes - Lecture 18: Pareto Efficiency

• School: University of Arizona
• Department: Philosophy Main
• Course: PHIL 320A
• Professor: All

Document Summary

Together with the veil of ignorance, these conditions define the principles of justice. Reflective equilibrium principles and judgments coincide. The original position is a conception that enables us to envision our objective from afar. Chapter 70: selection from a theory of justice by rawls p. 795. Three interpretations: 1. system of natural liberty 2. liberty equality 3. democratic equality. Believes democratic equality is preferred the discussing justice as fairness. First part of the second principle is understood as the efficiency principle adjusted to apply to institutions or the basic structure of society. Second part of the second principle is understood as an open social system in which careers are open to talents. Principle of efficiency pareto efficiency being applied to a basic structure. Pareto efficient distribution of stock/commodities is pareto efficient if there exists no redistribution of goods that would improve the circumstances of at least one of these individuals without another being disadvantaged.