The recent economic rise of China and India has attracted a great deal of attention--and justifiably so. Together, the two countries account for one-fifth of the global economy and are projected to represent a full third of the world's income by 2025. Yet, many of the views regarding China and...

[This item is a preserved copy. To view the original, visit http://econtheory.org/] Axiomatic bargaining theory (e.g., Nash's theorem) is static. We attempt to provide a dynamic justification for the theory. Suppose a Judge or Arbitrator must allocate utility in an (infinite) sequence of...

Economic development should be conceived of as the degree to which an economy has implemented an efficient and just distribution of economic resources. The ubiquitous measure of GDP per capita reflects a utilitarian conception of justice, where individual utility is defined as personal income,...

Frontmatter -- Preface -- Contents -- 1. Introduction -- 2. The Origin of Exploitation -- 3. Feudalism and Capitalism -- 4. Exploitation and Profits -- 5. The Morality of Exploitation -- 6. The Emergence of Class -- 7. Exploitation without a Labor Market -- 8. Historical Materialism -- 9....

Frontmatter -- Contents -- Preface -- 1 Introduction -- 2 Circumstances, Types, and Autonomous Choice -- 3 Justifying the Proposal -- 4 A Formal Definition of Equality of Opportunity -- 5 Incentive Properties of the EOp Mechanism -- 6 Equality of Opportunity with Production -- 7 Equality of...