Date(s) - 09/17/2021
12:00 pm - 1:00 pm
Categories No Categories
Join the Department of Economics for our Fall 2021 Seminar Series.
Friday, September 17 | 12-1 p.m.
Zoom Link: https://zoom.us/j/92714907841
Professor of Economics and Finance, Queen Mary University of London
Fields: Welfare Economics, Public Economics, Microeconomics
Sufficientarianism is a prominent approach to distributive justice in political philosophy and in policy analyses. However, it is virtually absent from the formal normative economics literature. We analyse sufficientarianism axiomatically in the context of the allocation of opportunities in society. We characterise the core sufficientarian criterion, which counts the number of agents who attain a “good enough” chance of success. The characterising axioms shed new light on the key ethical constituents of sufficientarianism: they express a liberal principle of non-interference, a minimal respect for equality, and a form of separability across individuals. Given the large indifference classes inbuilt in the core version, we also discuss two alternative social opportunity relations that refine the sufficientarian intuitions: the multi-threshold sufficientarian ordering and an incomplete relation focusing only on the sufficientarian strict preferences.