Boldyrev, Ivan; Herrmann-Pillath, Carsten - In: Review of Social Economy 71 (2013) 4, pp. 502-525
In his <italic>Idea of Justice</italic>, Amartya Sen compares the two basic approaches to evaluating institutions, <italic>transcendental institutionalism</italic> and <italic>realization-focused comparisons</italic>. Referring to Adam Smith's <italic>Impartial Spectator</italic>, he argues in favor of the latter and proposes the principle of open impartiality....