BEGIN:VCALENDAR VERSION:2.0 PRODID:-//Lewis & Clark//NONSGML v1.0//EN BEGIN:VTIMEZONE TZID:America/Los_Angeles BEGIN:DAYLIGHT TZNAME:PDT DTSTART:20170312T100000 RDATE:20170312T100000 TZOFFSETFROM:-0800 TZOFFSETTO:-0700 END:DAYLIGHT END:VTIMEZONE BEGIN:VTIMEZONE TZID:America/Los_Angeles BEGIN:STANDARD TZNAME:PST DTSTART:20171105T090000 RDATE:20171105T090000 TZOFFSETFROM:-0700 TZOFFSETTO:-0800 END:STANDARD END:VTIMEZONE BEGIN:VEVENT DTSTART;TZID=America/Los_Angeles:20171103T153000 DTEND;TZID=America/Los_Angeles:20171103T163000 LOCATION:J.R Howard Hall 220 GEO:45.451619;-122.669391 SUMMARY:"A Democratic Conception of Fair Exchange in Markets" by Thomas C hristiano (University of Arizona) DESCRIPTION:Democratic governance is often thought to be the gold standar d of fairness in collective decision making. Fairness in voluntary exchan ge has not similarly received a fully satisfactory analysis. The most pro minent views tend to arrange themselves into two basic camps: the volunta riness conceptions of fair exchange and the equal value conceptions. Thou gh there are insights here\, I think both of these fail to grasp the basi c structural conditions of fairness in exchange. What I propose to do in this paper is to take the democratic conception of fairness in collective decision making and extend it so that it applies in a distinctive way to voluntary exchange. I think this approach solves some of the puzzles inh erent in the other approaches and provides a powerful analysis of the nor mative principles regulating the structural conditions of voluntary excha nge. One further benefit of this approach is that it brings to bear the w idely accepted values of democracy to the evaluation of voluntary exchang e in a deeply illuminating way\, without sacrificing an appreciation of t he distinctive features and virtues of voluntary exchange. I want to sugg est the fruitfulness of this analysis by applying the democratic concepti on to market exchange\, understood broadly in a neo-classical way. I do n ot intend to endorse the neo-classical approach\, I want simply to show t he value of the democratic conception buy showing how it can help evaluat e the fairness of markets understood in a neo-classical way. I apply the idea to perfectly competitive markets and to imperfectly competitive mark ets. \; Professor Christiano is the author of the following books. \; \;The Constitution of Equality: Democratic Authority and Its Limits (Oxford: Oxford University Press\, 2008) The Rule of The Many: Fu ndamental Issues in Democratic Theory \;(Boulder\, CO: Westview Press \, 1996) Philosophy and Democracy: An Anthology (Oxford: Oxford Universi ty Press\, 2003) Modern Moral and Political Philosophy edited with Rober t Cummins (New York: Mayfield Publishers\, 1998) X-ALT-DESC;FMTTYPE=text/html:
Democratic governance is often thought to be the gold standard of fairness in collective decision making. Fairne ss in voluntary exchange has not similarly received a fully satisfactory analysis. The most prominent views tend to arrange themselves into two ba sic camps: the voluntariness conceptions of fair exchange and the equal v alue conceptions. Though there are insights here\, I think both of these fail to grasp the basic structural conditions of fairness in exchange. Wh at I propose to do in this paper is to take the democratic conception of fairness in collective decision making and extend it so that it applies i n a distinctive way to voluntary exchange. I think this approach solves s ome of the puzzles inherent in the other approaches and provides a powerf ul analysis of the normative principles regulating the structural conditi ons of voluntary exchange. One further benefit of this approach is that i t brings to bear the widely accepted values of democracy to the evaluatio n of voluntary exchange in a deeply illuminating way\, without sacrificin g an appreciation of the distinctive features and virtues of voluntary ex change. I want to suggest the fruitfulness of this analysis by applying t he democratic conception to market exchange\, understood broadly in a neo -classical way. I do not intend to endorse the neo-classical approach\, I want simply to show the value of the democratic conception buy showing h ow it can help evaluate the fairness of markets understood in a neo-class ical way. I apply the idea to perfectly competitive markets and to imperf ectly competitive markets.
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Professor Christiano i s the author of the following books. \; \;
\n Democratic governance is often thought to be t he gold standard of fairness in collective decision making. Fairness in v oluntary exchange has not similarly received a fully satisfactory analysi s. The most prominent views tend to arrange themselves into two basic cam ps: the voluntariness conceptions of fair exchange and the equal value co nceptions. Though there are insights here\, I think both of these fail to grasp the basic structural conditions of fairness in exchange. What I pr opose to do in this paper is to take the democratic conception of fairnes s in collective decision making and extend it so that it applies in a dis tinctive way to voluntary exchange. I think this approach solves some of the puzzles inherent in the other approaches and provides a powerful anal ysis of the normative principles regulating the structural conditions of voluntary exchange. One further benefit of this approach is that it bring s to bear the widely accepted values of democracy to the evaluation of vo luntary exchange in a deeply illuminating way\, without sacrificing an ap preciation of the distinctive features and virtues of voluntary exchange. I want to suggest the fruitfulness of this analysis by applying the demo cratic conception to market exchange\, understood broadly in a neo-classi cal way. I do not intend to endorse the neo-classical approach\, I want s imply to show the value of the democratic conception buy showing how it c an help evaluate the fairness of markets understood in a neo-classical wa y. I apply the idea to perfectly competitive markets and to imperfectly c ompetitive markets.\n
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