The purpose of this paper is twofold. We first develop a contractarian theory of redistribution. The existence of rules of redistribution is explained without any recourse to the risk-aversion of individuals. Hence, we depart from the standard legitimization of redistribution as fundamental...

A delegation of labour scholars and practitioners first came to our university, the University of the Witwatersrand in South Africa, in 2006, to engage with colleagues about establishing the Global Labour University on our campus. It was to be the second site after Germany, and we were all...

Property rights are undoubtedly among the most important institutions for economic efficiency. Still, by looking at reality we usually see property rights only imperfectly enforced. In this paper we identify uncertainty faced by an enforcer to be sufficient to explain this observation. This...