In the aftermath of the economic crisis of 2008 it is important to ask what ethics has to say to the many stakeholders in the U.S. economy. The crisis in the financial industry, precipitated by the bursting of a bubble in the housing sector, brought the U.S. economy to the brink of a major...

How does fairness affect individual incentives and efficiency in a free economy? We show that elementary distributive justice principles guarantee a pure-strategy Nash equilibrium in a finite economy where agents non-cooperatively choose their inputs and derive utility from their pay. Chief...